TOWER

Halal Rating :
Comfortable
Last Price $0.0013 Last updated:
Rank 1765
1D Change -1.79 %
Market Cap $2.27m
Circulating supply 1,762,347,176
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Entertainment
  • Ethereum Ecosystem
  • Governance
  • Solana Ecosystem
  • Metaverse
  • Polygon Ecosystem
  • Animoca Brands Portfolio
  • Base Ecosystem
  • Toncoin Ecosystem

Overview

TOWER is the governance and utility token for the Crazy Defense Heroes mobile game ecosystem, developed by Animoca Brands. The token was launched in 2021 as part of the play-to-earn gaming movement.

Purpose and Utility

TOWER serves multiple functions within the Crazy Defense Heroes ecosystem: 1) It acts as a governance token allowing holders to participate in decisions about the game's development, 2) Players can earn TOWER tokens through gameplay achievements and tournaments, 3) The token can be used to purchase in-game items and NFTs.

Business Model Assessment

The business model centers around gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The game itself does not involve gambling mechanics or interest-bearing elements. Players earn tokens through skill-based gameplay rather than chance.

Development and Adoption

The project maintains active development with regular updates to both the game and its blockchain components. The game has an established player base from its pre-blockchain version, though blockchain adoption metrics are more modest.

Token Distribution

Initial token distribution allocated portions to the team, early investors, and the gaming ecosystem. While exact figures are not public, the distribution appears designed to incentivize long-term development rather than short-term profit taking.

Crypto Impact

To assign a comfort level investing in TOWER 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 TOWER.

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