UFORIKA
Crypto Overview
Purpose and Utility
UFORIKA (FORA) is a cryptocurrency that powers the UFORIKA metaverse gaming platform. The token serves as both a governance and utility token within the ecosystem, enabling users to participate in game activities, purchase in-game assets, and have voting rights on platform decisions.
Business Model Analysis
The project focuses on creating a decentralized gaming metaverse where players can own, trade, and utilize digital assets. The business model appears to be based on legitimate gaming and digital asset ownership, without any apparent involvement in prohibited activities like gambling or interest-based lending.
Real-World Adoption
The project is in its early stages of development, with limited current adoption. While the gaming platform is still under development, the token is actively traded on several decentralized exchanges.
Development Activity
There is observable development activity on the platform, with regular updates to the gaming ecosystem. The team maintains active communication channels and provides development updates through their official channels.
Token Distribution
The token distribution includes allocations for development, marketing, and ecosystem growth. There are vesting schedules in place for team tokens, indicating some level of commitment to long-term development.
Crypto Impact
To assign a comfort level investing in UFORIKA 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 UFORIKA.
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.