Nine Chronicles

Halal Rating :
Comfortable
Last Price $0.04 Last updated:
Rank 982
1D Change -2.74 %
Market Cap $15.07m
Circulating supply 423,570,783
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Binance Labs Portfolio
  • Animoca Brands Portfolio
  • SkyVision Capital Portfolio

Overview

Nine Chronicles is a decentralized RPG (Role-Playing Game) powered by blockchain technology and its native token WNCG. The game is fully open-source and operates on its own blockchain network. Players can engage in various activities including crafting, battling, trading items, and earning rewards.

Intended Utility

WNCG serves multiple purposes within the Nine Chronicles ecosystem: governance rights for protocol decisions, in-game currency for trading assets, and rewards for players and node operators who maintain the network. The token has clear utility within a functional gaming ecosystem.

Actual Utility Assessment

The project demonstrates genuine utility through active gameplay and ecosystem participation. On-chain data shows consistent player activity and trading volume for in-game assets. The development team regularly updates the platform with new features and gameplay elements.

Token Distribution and Founder Analysis

The token distribution appears relatively balanced with mechanisms to prevent concentration of ownership. There are vesting schedules for team allocations and early investors. The development team, led by Planetarium, has a track record in gaming and blockchain development with transparent operations.

Technical Implementation

The game operates on a proprietary blockchain using Proof of Play consensus mechanism. All game logic is open-source and verifiable. The platform enables true ownership of digital assets without relying on interest-bearing mechanisms.

Crypto Impact

To assign a comfort level investing in Nine Chronicles 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 Nine Chronicles.

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.

Justification for our Halal Rating