PlayPad

Halal Rating :
Comfortable
Last Price $0.00052 Last updated:
Rank 7328
1D Change -5.41 %
Market Cap -
Circulating supply 0
Maximum supply 100,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Launchpad
  • Avalanche Ecosystem
  • Polygon Ecosystem
  • Fantom Ecosystem
  • Arbitrum Ecosystem
  • Celo Ecosystem
  • OKTChain Ecosystem
  • BNB Chain Ecosystem
  • MetisDAO Ecosystem

Overview

PlayPad is a gaming-focused launchpad and NFT marketplace platform built on the BNB Chain (formerly BSC). It aims to provide a platform for launching new gaming projects and facilitating NFT trading within the gaming ecosystem.

Purpose and Utility

The PPAD token serves multiple purposes within the ecosystem: Governance rights for holders to vote on platform decisions, Access to new gaming project launches through the launchpad functionality, Staking capabilities to earn platform rewards, and NFT marketplace transaction facilitation.

Business Model Evaluation

The core business model revolves around legitimate gaming project launches and NFT trading. The platform does not inherently facilitate gambling or interest-based activities. While there is a staking mechanism, it functions as a way to participate in platform governance and earn from platform fees rather than interest-bearing loans.

Adoption and Development

The project has shown consistent development activity and maintains active social media presence. The platform has successfully launched several gaming projects, though specific adoption metrics are limited. The development team appears to be actively working on platform improvements and new features.

Token Distribution

The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods to prevent immediate dumps. While exact percentages are not publicly available, the distribution structure appears typical for similar gaming launchpad projects.

Crypto Impact

To assign a comfort level investing in PlayPad 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 PlayPad.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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