Walken
Crypto Overview
Project Overview
Walken is a move-to-earn cryptocurrency game that combines physical activity tracking with GameFi elements. Users connect their fitness trackers to earn in-game currency (WLKN) by walking and staying physically active. The earned tokens can be used within the game's ecosystem to upgrade and compete with virtual characters called CaTs (Cat Athletes).
Intended Utility
The primary purpose of WLKN token is to incentivize physical activity and healthy lifestyle choices while providing a gaming experience. The token serves as both a reward mechanism and in-game currency, used for purchasing NFT characters, upgrading them, and participating in competitions.
Actual Utility Assessment
The platform shows active usage with regular tournaments and competitions. On-chain data indicates consistent transaction activity related to its intended use cases. The project maintains regular development updates and has established partnerships with fitness tracking platforms.
Token Distribution and Governance
The total supply of WLKN is 2 billion tokens, with a structured distribution: 25% allocated to ecosystem rewards, 20% to the team (with vesting), 15% to marketing and partnerships, 15% to advisors and early investors, 15% to the treasury, and 10% to public sale. Vesting schedules are implemented to prevent large-scale dumps.
Business Model Analysis
The revenue model primarily relies on NFT sales, tournament entry fees, and marketplace transactions. The project does not involve interest-based mechanisms or gambling elements, as competitions are skill-based and tied to actual physical activity.
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.
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