Race Kingdom
Crypto Overview
Overview
Race Kingdom (ATOZ) is a blockchain-based gaming ecosystem built on the BNB Chain. The platform aims to combine NFT gaming with Play-to-Earn mechanics, featuring racing competitions and character development.
Purpose & Utility
The ATOZ token serves as the in-game currency for Race Kingdom, enabling users to purchase NFT characters, participate in races, and earn rewards through gameplay. The token has utility within the gaming ecosystem for transactions and rewards.
Business Model Analysis
The project operates as a gaming platform where players can own digital assets (NFTs) and participate in racing competitions. The business model appears transparent and does not involve prohibited activities like gambling, interest-based lending, or adult content. The racing mechanics are skill-based rather than chance-based.
Development & Adoption
The project shows ongoing development activity with regular updates to the gaming platform. While adoption metrics are limited, this is not a concern from a Sharia compliance perspective as the focus is on the nature of the utility rather than its current scale.
Token Distribution
The token distribution includes allocations for gameplay rewards, development, and team members. While specific vesting details are not publicly available, this does not impact the fundamental Sharia compliance of the token's utility.
Crypto Impact
To assign a comfort level investing in Race 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 Race 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.