Refereum

Halal Rating :
Questionable
Last Price $0.00 Last updated:
Rank 2525
1D Change -16.67 %
Market Cap $85067.86
Circulating supply 4,999,180,100
Maximum supply None

Crypto Overview

Categories
  • Media
  • Content Creation
  • Gaming
  • Kenetic Capital Portfolio

Project Overview

Refereum (RFR) is a cryptocurrency token built on the Ethereum blockchain that aims to revolutionize the gaming industry's marketing and player engagement model. The platform was designed to reward gamers for playing and promoting games, creating a direct connection between game developers and their community.

Intended Utility

The primary purpose of RFR tokens is to serve as a reward mechanism within the Refereum ecosystem. Players can earn tokens by completing specific gaming tasks, watching streams, and promoting games. Game developers can use tokens to incentivize player engagement and marketing activities.

Actual Utility Assessment

The platform has established partnerships with several game developers and streaming platforms, including DLive and Twitch. However, current usage appears limited compared to its initial ambitions. The ecosystem shows moderate development activity, with updates focusing on maintaining existing features rather than expanding functionality.

Token Distribution and Governance

Initial token distribution included allocations for team members, advisors, and early investors with standard vesting periods. The project maintains relative transparency regarding token allocations and usage. Development efforts appear to outweigh marketing spending, suggesting a focus on building sustainable utility.

Revenue Model

The platform generates revenue through facilitating connections between game developers and players, without involving interest-based mechanisms. The business model primarily relies on the exchange of value through gaming activities and promotion services.

Crypto Impact

To assign a comfort level investing in Refereum 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 Refereum.

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Justification for our Halal Rating