Sipher
Crypto Overview
Project Overview
Sipher is a gaming ecosystem built on the Ethereum blockchain that aims to create interconnected video games with player-owned assets. The SIPHER token serves as the native utility token for the Sipher ecosystem.
Purpose and Utility
The SIPHER token is designed to serve multiple functions within the ecosystem: governance rights for the Sipher DAO, in-game currency for purchases, staking rewards, and access to exclusive content and features. Players can use SIPHER tokens to purchase in-game items, characters (Siphers), and participate in the game's economy.
Business Model Evaluation
The project focuses on gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The core business model revolves around creating value through game development and digital asset trading, rather than interest-bearing mechanisms or gambling.
Development and Adoption
The project has shown consistent development activity, with regular updates to their gaming ecosystem. The team has launched their first game, Sipher Odyssey, in early access. The project maintains active development on their GitHub repository and regularly communicates progress through their official channels.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. The project maintains transparency regarding token allocations and vesting schedules through their documentation.
Crypto Impact
To assign a comfort level investing in Sipher 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 Sipher.
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.