Planet Sandbox
Crypto Overview
Overview
Planet Sandbox is a play-to-earn NFT gaming metaverse built on the Binance Smart Chain. The project aims to create an ecosystem where players can engage in various game modes, including shooting games and battle royale, while earning rewards through the PSB token.
Purpose and Utility
The PSB token serves multiple functions within the Planet Sandbox ecosystem: It acts as the primary in-game currency for purchasing items and NFTs, enables participation in governance decisions, and rewards players for their participation in games. Players can earn PSB tokens through gameplay, trading NFT items, and participating in various gaming events.
Business Model Analysis
The platform generates value through: NFT marketplace transactions, game item sales, and ecosystem participation. The core gaming activities involve skill-based gameplay rather than chance-based mechanics, which is important from a Shariah perspective.
Development and Adoption
The project maintains active development with regular updates to their gaming platform. The team has released several game modes and continues to expand their ecosystem. While adoption remains modest compared to larger gaming platforms, there is genuine utility and active usage among its player base.
Token Distribution
The token distribution includes allocations for the team, development, marketing, and community rewards. Team tokens are subject to vesting periods, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in Planet Sandbox from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Planet Sandbox.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.