Walken
Crypto Overview
Overview
Walken is a move-to-earn cryptocurrency game that combines physical activity tracking with gaming elements. Users connect their fitness trackers to earn in-game rewards through their real-world movement, which are used to train and compete with virtual characters called CaTs (Cathlete NFTs).
Purpose and Utility
The WLKN token serves as the primary currency within the Walken ecosystem. Its main utilities include: purchasing and upgrading CaTs, participating in competitions, and governance voting rights. The token is actively used for its intended purposes within the game ecosystem.
Business Model
The project generates value through: NFT sales of CaTs, marketplace fees, and competition entry fees. The business model is transparent and based on providing gaming and fitness tracking services. No lending, gambling, or interest-bearing mechanisms are present in the core protocol.
Development and Adoption
Walken has demonstrated consistent development activity and maintains an active community. The project has achieved significant user adoption, with over 2 million registered users reported in 2023. Regular updates and improvements to the platform indicate ongoing commitment to development.
Token Distribution
The token distribution includes allocations for the team and early investors with standard vesting periods. While detailed vesting schedules are public, the distribution does not raise unusual concerns regarding founder enrichment.
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”.
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.