UFO Gaming

Halal Rating :
Comfortable
Last Price $0.00000036 Last updated:
Rank 1119
1D Change -0.01 %
Market Cap $9.37m
Circulating supply 25,757,575,757,576
Maximum supply None

Crypto Overview

Categories
  • Platform
  • Collectibles & NFTs
  • Gaming
  • Ethereum Ecosystem
  • Solana Ecosystem
  • Metaverse
  • Play To Earn

Project Overview

UFO Gaming is a decentralized gaming platform built on the Ethereum blockchain that aims to create a metaverse ecosystem called 'Dark Metaverse'. The platform allows users to purchase virtual land, create in-game NFTs, and participate in various gaming experiences.

Utility Assessment

The UFO token serves multiple purposes within the ecosystem: It acts as the primary currency for transactions within the Dark Metaverse, enables governance participation, and is used for purchasing virtual land and NFT assets. The project has launched several games including Super Galactic and has partnerships with gaming guilds.

Business Model Analysis

The platform generates revenue through NFT sales, virtual land sales, and in-game transactions. The business model appears transparent and focuses on gaming and digital asset ownership, which are permissible activities from an Islamic perspective.

Development and Adoption

The project maintains active development with regular updates to their gaming ecosystem. While adoption is still in early stages, there is evidence of genuine utility through their launched games and NFT marketplace.

Token Distribution

The token distribution shows a structured allocation with vesting periods for team members and advisors. While there is a significant portion allocated to the team, the vesting schedule helps prevent immediate dumping of tokens.

Technology Assessment

The platform operates on Ethereum and utilizes smart contracts for gaming mechanics and asset ownership. The core technology focuses on gaming and digital asset ownership rather than lending or interest-bearing mechanisms.

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