Step Hero
Crypto Overview
Purpose and Utility
Step Hero was launched as a GameFi and NFT ecosystem on the Binance Smart Chain and Polygon networks. The project aimed to create a fantasy-themed RPG game where HERO tokens would serve as the in-game currency and governance token.
Business Model
The intended business model revolves around gaming and NFT trading, which are permissible activities from an Islamic perspective as they involve the exchange of digital assets with actual utility. Players were meant to use HERO tokens for purchasing in-game items, trading NFT characters, and participating in governance decisions.
Development Activity and Real-World Usage
Current analysis shows that the project has experienced significant decline in development activity. The official website is no longer accessible, and there has been minimal recent communication from the development team. The game that was promised has not materialized in a functional form.
Token Distribution and Governance
The initial token distribution included allocations for the team, advisors, and early investors. While detailed vesting information is not currently available, the sharp decline in trading volume and market activity suggests that early holders may have liquidated their positions.
Crypto Impact
To assign a comfort level investing in Step Hero 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 Step Hero.
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.