Cirus Foundation
Crypto Overview
Overview
Cirus Foundation is a project that aims to enable users to monetize their personal data through blockchain technology. The CIRUS token serves as the native utility token of the ecosystem.
Purpose and Utility
The intended purpose of CIRUS is to facilitate a data monetization platform where users can earn rewards for sharing their data. The token is used for governance, staking, and as a medium of exchange within the ecosystem.
Business Model Analysis
The core business model revolves around giving users control over their data and allowing them to earn rewards for sharing it. This model appears to align with halal principles as it involves clear value exchange and transparency. The platform does not engage in interest-based activities or prohibited industries.
Real-World Adoption
The project has established partnerships with ISPs and technology providers, though current adoption remains limited. The team has developed the Cirus Device, a Wi-Fi router that helps users monetize their data.
Platform Development
There is ongoing development activity, with regular updates to the platform and ecosystem. The project maintains an active GitHub repository and developer community.
Token Distribution
The token distribution includes allocations for the team, development, and ecosystem growth. There are vesting schedules in place for team tokens, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in Cirus Foundation 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 Cirus Foundation.
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.