XMON
Crypto Overview
Project Overview
XMON is the native token of the 0xmons project, which is an NFT ecosystem focused on pixel art monsters and related digital collectibles. The project combines elements of generative art, NFTs, and decentralized governance.
Purpose and Utility
The primary utility of XMON includes: Governance rights over the 0xmons ecosystem, Access to exclusive NFT minting opportunities, Staking capabilities for platform rewards.
Business Model Analysis
The project operates primarily in the NFT and digital art space, focusing on creating and trading unique digital assets. The core business activities involve legitimate asset creation and exchange, with no inherent elements of riba or gambling.
Real-World Adoption
The project has maintained consistent development activity and community engagement since its launch. While the user base is relatively niche, there is genuine utility in the form of NFT creation and trading.
Token Distribution
The token distribution appears to be relatively fair, with no concerning concentration in founder wallets. There are no apparent signs of the project being designed primarily to enrich founders.
Crypto Impact
To assign a comfort level investing in XMON 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 XMON.
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.