WAGMI Games
Crypto Overview
Purpose and Utility
WAGMI Games is a gaming ecosystem that aims to create blockchain-based games. The WAGMIGAMES token serves as the primary utility token within their ecosystem, used for governance and in-game transactions.
Business Model Analysis
The platform's business model centers around gaming and NFTs. While gaming itself is not inherently haram, careful examination of their games reveals that many contain gambling-like mechanics where users can bet tokens on outcomes. The project includes several casino-style games and betting mechanisms.
Real-World Adoption
The platform has achieved some adoption within the crypto gaming community, though primarily for its gambling-focused features rather than legitimate gaming utility.
Platform Development
There is ongoing development activity, with regular updates to their gaming platform and new game releases. However, a significant portion of development appears focused on implementing betting and gambling mechanics.
Token Distribution and Governance
Token distribution shows a reasonable spread among stakeholders, with vesting periods in place for team allocations. The project maintains transparency regarding token allocations and uses.
Crypto Impact
To assign a comfort level investing in WAGMI Games 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 WAGMI Games.
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.