OPENLOOT (OL)

Platform and Marketplace

OPENLOOT is a Web3 gaming distribution platform and marketplace that helps players buy, sell, and trade NFTs and in-game items easily. It removes blockchain fees and crypto complexities, allowing instant trades and payments via crypto, credit, debit, or bank transfer. It supports features like NFT rentals, auctions, loot boxes, and a marketplace for non-crypto game currencies.

Developer Tools and Game Economy

OPENLOOT offers developers tools for NFT and token management to create player-owned economies. It handles all infrastructure for crypto and non-crypto item sales and rentals, helping game studios launch and grow games with scalable, user-friendly Web3 economies.

$OL Token Use

The $OL token is the native cryptocurrency of OPENLOOT, used to buy items on the marketplace and participate in the ecosystem. It boosts marketplace activity, user engagement, and rewards active users. The token also offers exclusive benefits and supports gas fee sponsorship to enable seamless on-chain experiences without extra costs for players.

User Experience

OPENLOOT focuses on a simple, accessible experience by eliminating the need for crypto wallets or gas fees. Players can trade, craft, and be rewarded across games without technical barriers, making Web3 gaming more approachable for everyone.

Advantages

• OPENLOOT has shown a price increase of 4.10% in the last 7 days, outperforming the global cryptocurrency market.
• It offers a seamless on-chain experience with no gas fees or crypto complexity for players, making it user-friendly.
• The platform supports multiple payment methods including crypto, debit, credit, and bank transfer, increasing accessibility.
• OPENLOOT provides an end-to-end solution for launching games with built-in blockchain tools like wallets, compliance, and payments.
• It manages NFT and token sales, auctions, and rentals, helping developers and players engage in a robust Web3 gaming economy.
• The project has a capped token supply of 5 billion OL tokens, which can help manage inflation.
• It supports a thriving marketplace and community growth through creators and influencers.
• The platform simplifies NFT sales with features like listing, event scheduling, and whitelist management.

Disadvantages

• OPENLOOT is highly volatile, which may not suit all investors.
• It underperforms compared to some other Ethereum ecosystem cryptocurrencies in recent price gains.
• The market capitalization and price can change significantly in a short time due to various factors like regulations and market sentiment.
• The blockchain environment has inherent risks such as hacks and technical failures that can affect the token’s value.
• Some features and price predictions show uncertainty due to market conditions and adoption rates.
• The platform faces competition from other crypto projects offering similar Web3 gaming solutions.

Founders

OPENLOOT was founded by Ari Meilich, who is also the founder of Big Time Studios. Ari Meilich is known for his pioneering work in the crypto gaming industry, including co-founding Decentraland before creating OPENLOOT.

Investors in OPENLOOT

OPENLOOT follows a community-driven distribution model, meaning no tokens are allocated specifically to team members or private investors. Instead, the token is distributed among the community, supporting a decentralized ownership structure. This approach encourages broad participation rather than relying on a few large investors.

Investment Recommendations

• Beginners are advised to use dollar-cost averaging and secure wallet storage.
• Experienced investors might consider swing trading and portfolio allocation.
• Institutional investors may focus on strategic long-term allocation.

Trading Platforms

OPENLOOT tokens are traded on multiple centralized and decentralized exchanges, including OKX, Uniswap V3, Pancakeswap V3, Hotcoin Global, and OKEx. The most active trading pairs include OL/USDT and OL/BSC-USD.

Summary

No specific individual or institutional investors are publicly listed as holders of OPENLOOT tokens. Instead, the token distribution is community-based, and trading happens on various crypto exchanges accessible to the public.

Halal Status

No, there is no information available that confirms OPENLOOT is halal. The provided data does not mention any religious or halal certification or compliance related to OPENLOOT.