IOI Token
Crypto Overview
Overview
IOI Token (IOI) is the native token of the TRADE Race Manager (TRM) gaming ecosystem, developed by IOI Games. The platform focuses on creating play-to-earn gaming experiences with NFT integration.
Purpose and Utility
The IOI token serves multiple functions within the TRM ecosystem: It is used for governance, staking, purchasing in-game assets, and accessing premium features. Players can use IOI tokens to participate in various gaming activities and trade NFT assets within the platform.
Business Model Analysis
The platform's core business model revolves around gaming and NFT trading, which are permissible activities from a Sharia perspective as they involve the exchange of real digital assets and utility. The ecosystem does not primarily focus on lending or interest-bearing activities.
Development and Adoption
The project maintains active development with regular updates to their gaming platform. While adoption is still in early stages, there is evidence of genuine user engagement in their gaming ecosystem and NFT marketplace.
Token Distribution
The token distribution includes allocations for the team, development, marketing, and community initiatives. Team tokens have vesting periods in place, showing commitment to long-term development.
Technology Assessment
The platform operates on the Ethereum blockchain and focuses on gaming infrastructure rather than financial products. The underlying technology does not involve interest-based mechanisms or gambling elements.
Crypto Impact
To assign a comfort level investing in IOI Token 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 IOI Token.
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.