Voxies

Halal Rating :
Questionable
Last Price $0.18 Last updated:
Rank 740
1D Change 4.53 %
Market Cap $38.5m
Circulating supply 214,015,834
Maximum supply 300,000,000

Crypto Overview

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

Project Overview

Voxies is a play-to-earn blockchain game project that combines both NFTs and its native token VOXEL. The game features turn-based tactical RPG gameplay where players can collect, train, and battle with their Voxies characters.

Intended Utility

The VOXEL token serves multiple purposes within the Voxies ecosystem: It acts as the primary in-game currency for purchasing items and characters, enables governance participation, and rewards players for their participation in the game.

Actual Utility

The token is actively used within the Voxies ecosystem for its intended purposes. Players can use VOXEL to purchase in-game assets, participate in governance decisions, and earn rewards through gameplay. The project maintains an active development schedule with regular updates to both the game and its underlying technology.

Token Distribution and Governance

The token distribution includes allocations for the team, development fund, and community treasury. Team tokens are subject to vesting periods to ensure long-term alignment with the project's success. The project demonstrates transparency in its operations and token economics.

Development Activity

The development team maintains regular updates to the platform, with consistent improvements to both the game mechanics and underlying infrastructure. The project has shown steady progress in implementing its roadmap features.

Technology and Revenue Model

The revenue model is based on legitimate gaming activities and NFT trading, which do not involve interest-based mechanisms or gambling elements. The game's mechanics are skill-based rather than chance-based, and there is genuine utility in the form of gaming entertainment and digital asset ownership.

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.

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