Play Kingdom
Crypto Overview
Overview
Play Kingdom (PKT) is a gaming cryptocurrency token launched on the BNB Chain. The project aims to create a gaming ecosystem where players can earn rewards through various play-to-earn games.
Purpose and Utility
The stated purpose of PKT is to serve as the native currency within the Play Kingdom gaming ecosystem, allowing users to purchase in-game items, participate in games, and earn rewards. The token is currently primarily used for trading on decentralized exchanges.
Business Model Analysis
The project's business model centers around gaming and entertainment without any apparent involvement in prohibited activities like gambling or interest-based lending. The games appear to be skill-based rather than chance-based.
Development and Adoption
While the project is in its early stages, there is evidence of ongoing development with regular updates to their platform. The team maintains active communication channels and provides development updates.
Token Distribution
The token distribution shows a relatively balanced allocation between the team, development fund, and public circulation. Team tokens are subject to a vesting schedule, indicating some level of commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Play Kingdom 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 Play Kingdom.
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.