XBorg
Crypto Overview
Purpose and Utility
XBorg is building a credential network and application layer for gaming in Web3. The XBG token serves as the governance and utility token of the XBorg ecosystem. Its main purposes include governance voting rights, staking rewards for network contributors, and access to premium features within the gaming ecosystem.
Business Model and Platform
The platform aims to create a decentralized gaming ecosystem that includes gaming credentials, soulbound tokens representing gaming achievements, and community-driven gaming initiatives. The project focuses on legitimate gaming utility rather than gambling or speculation.
Development and Adoption
XBorg has demonstrated active development with several key products: Gaming Credential Network, Application Network, and Soulbound Launchpad. The project has established partnerships with prominent Web3 gaming organizations and traditional esports teams.
Token Distribution
The token distribution includes vesting periods for team and advisors, with a significant portion allocated to the community and ecosystem development. The vesting schedule appears designed to encourage long-term alignment rather than short-term profit-taking.
Revenue Model
XBorg's revenue model is based on legitimate business activities including platform fees, premium subscriptions, and ecosystem services. The project does not rely on interest-bearing mechanisms or gambling-related activities.
Crypto Impact
To assign a comfort level investing in XBorg 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 XBorg.
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.