Geeq
Crypto Overview
Project Overview
Geeq is a blockchain platform that aims to provide secure, scalable, and cost-effective blockchain solutions using their proprietary Proof of Honesty (PoH) consensus mechanism. The GEEQ token serves as the native utility token of the platform, required for transaction fees, node validation, and governance.
Purpose and Utility
The primary intended uses of GEEQ include: Transaction fee payments on the Geeq network, Validation node operation through the PoH mechanism, Governance participation in protocol decisions, Platform access for developers building on Geeq.
Business Model Evaluation
The business model focuses on providing blockchain infrastructure services, with an emphasis on security and scalability. The platform's utility aligns with halal principles as it provides legitimate technological services without involvement in prohibited activities.
Development and Adoption
The project maintains active development, with regular updates to their protocol and documentation. The team has established partnerships with various blockchain projects and enterprises. While adoption is still in early stages, this does not impact halal compliance.
Token Distribution
The GEEQ token has a total supply of 100 million tokens. While specific details about token distribution are not readily available, the project maintains transparency about their development progress and technical implementations.
Crypto Impact
To assign a comfort level investing in Geeq 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 Geeq.
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.