X World Games
Crypto Overview
Project Overview
X World Games is a blockchain gaming platform launched in 2021 that aims to create a metaverse of play-to-earn games. The XWG token serves as the native currency within this ecosystem, used for in-game purchases, trading of NFT assets, and governance.
Utility Assessment
The primary utilities of XWG include: Game asset purchases, NFT trading, Governance voting rights for platform decisions, Staking rewards for platform participation. The token is actively used within the X World Games ecosystem for its intended purposes.
Business Model Analysis
The platform generates revenue through NFT sales, marketplace fees, and game-related transactions. The core business model revolves around gaming and digital asset trading, which are permissible activities from an Islamic perspective as they involve actual asset exchange and value creation.
Development and Adoption
The platform maintains active development, with regular updates to their gaming ecosystem. While adoption metrics are modest, there is genuine utility being delivered through their gaming platform and NFT marketplace.
Token Distribution
Token distribution includes allocations for the team, development, marketing, and community rewards. Team tokens have vesting schedules in place to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in X World Games 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 X World Games.
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.