Warena
Crypto Overview
Overview
Warena is a metaverse gaming project that launched in 2021. It aims to create a play-to-earn NFT game with customizable characters where players can participate in PvP combat and explore virtual worlds.
Purpose and Utility
The RENA token serves as the governance and utility token within the Warena ecosystem. Its intended uses include: purchasing in-game items and NFTs, staking for rewards, and participating in governance decisions.
Current Development and Usage
While the project launched with ambitious plans, current development appears to be minimal. The last significant update to their official channels was several months ago. The token primarily exists on decentralized exchanges with very limited trading volume.
Business Model Analysis
The core business model of gaming and NFT trading is permissible from an Islamic perspective. However, the project includes staking mechanisms that may involve interest-bearing components.
Token Distribution
Initial token distribution included allocations for the team, advisors, and early investors. Specific vesting details and current token distribution are not readily available due to limited project transparency.
Crypto Impact
To assign a comfort level investing in Warena 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 Warena.
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.