Shiryo
Crypto Overview
Purpose and Utility
Shiryo is a play-to-earn NFT trading card game project built on the Ethereum blockchain. The project aims to combine traditional trading card game mechanics with blockchain technology, allowing players to own and trade digital cards.
Business Model Analysis
The project's primary focus appears to be gaming and digital collectibles. The core business model involves players collecting, trading, and using NFT cards in the game ecosystem. This basic model aligns with Islamic principles as it involves the exchange of digital assets with clear utility and ownership rights.
Development and Platform Activity
The project has shown limited recent development activity. The official social media channels and development updates have been largely inactive since 2022. While the project initially generated significant interest during its launch phase, current engagement appears minimal.
Token Distribution and Governance
SHIRYO tokens were designed to serve as the in-game currency and governance token for the ecosystem. The token distribution details are publicly available, with clear allocations for development, marketing, and community incentives.
Real World Adoption
Current adoption and usage of the platform remain limited. While the project initially aimed to create a comprehensive gaming ecosystem, there is little evidence of active usage for its intended gaming purposes.
Crypto Impact
To assign a comfort level investing in Shiryo 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 Shiryo.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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