Superpower Squad
Crypto Overview
Project Overview
Superpower Squad (SQUAD) is a Web3 gaming platform token that aims to power a play-to-earn gaming ecosystem. It was designed as a utility token for the Superpower Squad game, which features NFT characters and gaming assets.
Purpose and Utility
The token's intended utility includes: game asset purchases, NFT trading, governance participation, and rewards for players within the gaming ecosystem. The actual current usage appears to align with these intended purposes, though at a limited scale.
Business Model
The project's business model revolves around gaming and NFT trading, which are permissible activities from an Islamic perspective as they involve the exchange of real digital assets and utility. The platform does not appear to involve any inherently prohibited activities like gambling, interest-based lending, or adult content.
Development and Adoption
The project shows ongoing development activity, with regular updates to the gaming platform and NFT marketplace. While adoption remains relatively modest, this is not a concern from a Shariah compliance perspective.
Token Distribution
The token distribution appears reasonable with appropriate vesting periods for team members and early investors. There are no immediate red flags regarding token allocation that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Superpower Squad 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 Superpower Squad.
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.