Realis Worlds
Crypto Overview
Overview
Realis Worlds is a blockchain-based gaming platform that aims to create virtual worlds where players can earn tokens through gameplay and ownership of digital assets. The REALIS token serves as the native currency within these virtual environments.
Purpose and Utility
The intended purpose of REALIS is to facilitate transactions within their gaming ecosystem, including purchasing virtual land, in-game assets, and participating in governance decisions. The token is designed to have actual utility within their gaming platforms.
Business Model Assessment
The project's business model appears to focus on creating legitimate gaming experiences with blockchain integration. The core activities involve trading of digital assets and participation in virtual worlds, which are permissible activities from an Islamic finance perspective.
Development and Adoption
The project shows ongoing development activity, though current adoption appears limited. The development team maintains regular updates to their platform and gaming ecosystem.
Token Distribution
Token distribution information shows a portion allocated to the development team and early investors, with vesting periods in place to prevent immediate selling. The majority of tokens are designated for ecosystem development and community rewards.
Revenue Model
The revenue model is primarily based on the exchange of digital assets and virtual land sales, which represents actual value transfer between parties. The platform does not incorporate interest-bearing mechanisms or gambling elements in its core functionality.
Crypto Impact
To assign a comfort level investing in Realis Worlds 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 Realis Worlds.
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.