XPLA
Crypto Overview
Overview
XPLA is a Layer-1 blockchain platform designed specifically for gaming and entertainment applications. It aims to provide infrastructure for Web3 gaming, NFTs, and entertainment content.
Purpose and Utility
The primary purpose of XPLA is to serve as the native token for the XPLA blockchain ecosystem, enabling transactions, governance participation, and supporting gaming infrastructure. The token is used for network fees, validator staking, and governance voting.
Business Model Evaluation
The platform focuses on legitimate gaming and entertainment use cases, avoiding gambling or interest-based activities. The core functionality revolves around supporting game developers and content creators in building decentralized applications.
Development and Adoption
The project shows active development with regular updates to its infrastructure. It has partnerships with various gaming studios and entertainment companies, particularly in the Asian market.
Token Distribution
The token distribution appears reasonable with balanced allocations between ecosystem development, team, and community. Team tokens have vesting schedules in place to prevent immediate selling.
Technology Assessment
The platform uses a Proof-of-Stake consensus mechanism for network security and validation. The core technology focuses on gaming infrastructure rather than financial products or lending services.
Crypto Impact
To assign a comfort level investing in XPLA 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 XPLA.
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.