Good Games Guild is a company that focuses on leveraging web3 gaming to enhance human social life and offers various products to support the web3 industry. Their product lineup includes Good Games Labs, Portal Blog, GGPlay (a gaming platform with player rewards), MetaBank (which provides features like insurance, real-time price feed, debt repayment, low interest rates, and NFT-backed loans), ArbiPad, and MetaKey. While they express optimism regarding the future impact of web3 technology, it's essential to note that activities such as insurance and loans with interest charges contradict Shariah principles.
| Category | Details | Status |
|---|---|---|
| Legitimacy | The legitimacy of the project appears mixed based on the provided information. The project's active presence on social media indicates a level of engagement with the community, which is a positive sign. However, the lack of information about the team raises concerns about transparency and credibility. The existence of a whitepaper with valuable information is a positive aspect, suggesting a certain level of professionalism. The absence of a roadmap may indicate a lack of long-term planning and vision for the project. On the other hand, the presence of a genuine product on the blockchain is a strong indication of legitimacy, as it demonstrates practical implementation. | Grey |
| Project | Good Games Guild is a company focused on maximizing the benefits of web3 gaming for human social life. They create products to empower and accelerate the potential of the web3 industry. Their products include Good Games Labs, Portal Blog, GGPlay (a gaming platform with player rewards), MetaBank (enabling NFT holders to monetize their NFTs with features like insurance, real-time price feed, debt repayment, low interest rates, and NFT-backed loans), ArbiPad, and MetaKey. They are optimistic about the future impact of web3 technology. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | GGG (Good Games Token) is a utility token within the Good Games Guild ecosystem. It is used as the native currency for transactions and holds a $GGG sticker. The token has several functions, including earning yield through staking, participating in IDOs on ArbiPad, receiving activity rewards, converting to GXT on GG Play, and receiving $MBG airdrops. | Passed |
| Staking Method | The staking system for $GGG token holders offers two types of staking pools. The first pool is for single-sided staking, where holders can stake their GGG tokens and receive 10% of the staking rewards. The second pool is for the GGG/BNB LP (Liquidity Provider) position, which involves a combination of 50% GGG and 50% BNB tokens. Participants in this pool receive 90% of the staking reward. | Passed |
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