Riot Racers
Crypto Overview
Project Overview
Riot Racers is a blockchain-based racing game built on the Ethereum network where players can own, race, and earn rewards with NFT cars. The RIOT token serves as the primary utility token within the game's ecosystem.
Purpose and Utility
The RIOT token is designed to facilitate in-game transactions including purchasing cars, upgrades, and race entries. It also provides governance rights to token holders who can vote on game development decisions.
Business Model Analysis
The project's core business model revolves around digital car ownership and competitive racing, which is permissible from an Islamic perspective as it involves actual ownership of digital assets (NFTs) and skill-based competition rather than pure chance.
Development and Adoption
The project shows ongoing development activity with regular updates to the gaming platform. While adoption metrics are limited, this is not relevant to Sharia compliance assessment.
Token Distribution
Token distribution information indicates reasonable allocation between development, community rewards, and team tokens with standard vesting periods for team allocations.
Revenue Model
Revenue is generated through NFT sales, race entry fees, and marketplace transactions. These revenue streams involve actual exchange of value and don't rely on interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in Riot Racers 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 Riot Racers.
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.