Xaya
Crypto Overview
Overview
Xaya is a blockchain gaming platform that aims to provide infrastructure for decentralized gaming applications. The platform uses its native token CHI for in-game transactions, game asset ownership, and network security through proof-of-work mining.
Purpose and Utility
The primary purpose of Xaya is to enable truly decentralized gaming experiences where game assets are owned by players and game logic runs entirely on the blockchain. The CHI token serves as the native currency for the ecosystem, used for transactions, storing game data, and securing the network.
Business Model and Current Usage
The platform currently hosts several games including Soccer Manager Elite and Taurion, demonstrating real utility in gaming applications. The business model focuses on providing infrastructure for game developers and enabling player-owned economies.
Development Activity
Xaya maintains active development with regular updates to their core protocol and gaming infrastructure. The project has demonstrated consistent technical progress since its launch.
Token Distribution
The token distribution appears reasonable with no excessive concentration among founders. The project uses a proof-of-work mining system for token distribution, similar to Bitcoin's model.
Technology Assessment
The platform's focus on gaming applications provides clear utility without involving prohibited activities like gambling or interest-based systems. Games on the platform involve skill and strategy rather than chance-based mechanics.
Crypto Impact
To assign a comfort level investing in Xaya 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 Xaya.
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.