GeniuX
Crypto Overview
Project Overview
GeniuX (IUX) is a cryptocurrency project that aims to tokenize real-world assets, particularly focusing on intellectual property and business franchises. The platform allows for the fractional ownership of business opportunities and franchises through tokenization.
Utility Assessment
The primary stated utility of IUX tokens includes: governance rights within the GeniuX ecosystem, access to fractional ownership of tokenized assets, and participation in the platform's business opportunities.
Current Implementation
The project has demonstrated some real-world implementation through partnerships with various businesses for tokenization. The platform has launched several business tokenization projects, though adoption remains limited.
Technical Development
GeniuX operates on the Polygon blockchain, leveraging smart contracts for asset tokenization. The project maintains regular technical updates and platform improvements.
Token Distribution
The token distribution appears to be relatively concentrated, with significant portions allocated to the team and early investors. There are vesting schedules in place for team allocations.
Revenue Model
The platform generates revenue through tokenization fees and transaction fees, which does not involve interest-based mechanisms. The business model focuses on facilitating asset ownership and trade.
Crypto Impact
To assign a comfort level investing in GeniuX 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 GeniuX.
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.