Voxies

Halal Rating :
Questionable
Last Price $0.16 Last updated:
Rank 728
1D Change -2.45 %
Market Cap $33.91m
Circulating supply 210,475,834
Maximum supply 300,000,000

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Binance Launchpad
  • Play To Earn

Project Overview

Voxies is a blockchain-based NFT gaming project that features a tactical role-playing game (RPG) where players can collect and battle with unique character NFTs called Voxies. The VOXEL token serves as the native utility token of the ecosystem.

Intended Utility

VOXEL token is designed to serve multiple purposes within the Voxies ecosystem: governance rights for holders, in-game currency for purchases and rewards, and staking mechanisms for earning additional benefits. The token is built on the Polygon network.

Actual Utility Assessment

The project shows active development with regular updates to their game platform. The game is currently playable in beta form, with NFT trading and token utility actively being used by the community. On-chain data shows consistent transaction activity related to gaming operations rather than pure speculation.

Token Distribution and Governance

The token distribution appears relatively balanced with: 25% for ecosystem development, 20% for team and advisors (with vesting schedules), 15% for community rewards, 20% for liquidity provision, and 20% for public sale. The vesting schedule for team tokens extends over 24 months, indicating commitment to long-term development.

Development vs Marketing

The project demonstrates a strong focus on development with regular technical updates and game improvements. Marketing efforts appear proportionate and focused on genuine user acquisition rather than token price speculation.

Crypto Impact

To assign a comfort level investing in Voxies 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 Voxies.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Justification for our Halal Rating