Walken
Crypto Overview
Overview
Walken is a move-to-earn blockchain game that launched in 2022. The platform combines physical activity tracking with GameFi elements, where users can earn WLKN tokens by walking and using their accumulated activity to participate in the game ecosystem.
Intended Utility
The WLKN token serves multiple purposes within the Walken ecosystem: It acts as the in-game currency for purchasing and upgrading NFT characters called CAThletes, facilitates marketplace transactions, and rewards users for physical activity and game participation.
Actual Utility and Implementation
The platform demonstrates active usage with over 2 million registered users reported in 2023. Users connect their fitness trackers to earn WLKN tokens based on their steps, which they can use to customize and upgrade their CAThletes for competitions.
Business Model Analysis
The project generates revenue through marketplace fees, CAThlete minting, and in-game transactions. The game mechanics involve skill and strategy rather than chance-based outcomes, as success depends on user activity levels and strategic character development.
Token Distribution and Governance
The total supply of WLKN is 2 billion tokens. The distribution includes allocations for the ecosystem (40%), team and advisors (19%), private sale (15%), and community incentives (26%). Team tokens are subject to a vesting schedule extending over 24 months.
Development Activity
The project maintains regular updates and development activity, with continuous improvements to the platform and game mechanics. The team regularly releases new features and has expanded the ecosystem to include additional game modes and social elements.
Crypto Impact
To assign a comfort level investing in Walken 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 Walken.
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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