Sui Monster
Crypto Overview
Project Overview
Sui Monster (SUIMON) is a gaming project built on the Sui blockchain that aims to create a monster-collecting and battling ecosystem. The project involves NFT monsters that players can collect, trade, and use in battles.
Purpose and Utility
The primary stated purpose of SUIMON is to serve as the in-game currency and governance token for the Sui Monster ecosystem. The token is designed to facilitate transactions within the game, including monster trading, battle rewards, and ecosystem participation.
Business Model Analysis
The business model centers around gaming and NFT trading, which is permissible from an Islamic perspective as it involves the exchange of digital assets with clear utility and ownership transfer. The platform does not involve interest-bearing mechanisms or gambling elements in its core functionalities.
Development and Adoption
The project is in its early stages, with development ongoing. While adoption is currently limited, this is not a concern from a Shariah compliance perspective. The project maintains active development on the Sui blockchain.
Token Distribution
Token distribution includes allocations for gameplay rewards, development team, and ecosystem growth. While detailed vesting schedules are not publicly available, this aspect alone does not impact Shariah compliance as long as there is legitimate transfer of ownership and utility.
Crypto Impact
To assign a comfort level investing in Sui Monster 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 Sui Monster.
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.