ShinobiVerse
Crypto Overview
Purpose and Utility
ShinobiVerse is a blockchain gaming platform that combines NFTs and cryptocurrency elements in a ninja-themed metaverse. The SHINO token serves as the primary utility token within the ecosystem, used for in-game purchases, NFT trading, and governance.
Business Model Analysis
The platform's business model appears to focus on gaming and NFT trading within their ecosystem. The project does not explicitly involve any prohibited activities like gambling, interest-based lending, or adult content.
Development and Adoption
The project is in its early stages, with limited but growing adoption. The development team maintains an active GitHub repository and regular updates to their platform. While trading activity currently dominates token usage, this is common for early-stage projects and does not affect halal status.
Token Distribution
Initial token distribution allocated 40% to the ecosystem development, 25% to the team (with a 2-year vesting period), 20% to public sale, and 15% to marketing and partnerships. The vesting schedule for team tokens suggests commitment to long-term development rather than short-term gains.
Technology and Revenue Model
The platform generates revenue through NFT marketplace fees and in-game purchases. The project does not involve interest-bearing mechanisms or lending protocols, keeping it aligned with Islamic principles.
Crypto Impact
To assign a comfort level investing in ShinobiVerse 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 ShinobiVerse.
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.