IAGON
Crypto Overview
Project Overview
IAGON is a decentralized cloud computing platform that aims to leverage blockchain technology to create a global supercomputer by connecting unused computing resources worldwide. The IAG token serves as the native utility token for the IAGON ecosystem, used for payments between resource providers and users.
Purpose and Utility
The primary purpose of IAGON is to provide a decentralized marketplace for computing resources, where users can rent out their excess computing power and storage capacity in exchange for IAG tokens. The platform focuses on AI processing and secure cloud storage services.
Business Model Analysis
The business model appears to be halal-compliant as it involves the legitimate exchange of computing resources for compensation. There is no evidence of involvement in prohibited activities such as interest-bearing products, gambling, or adult content.
Development and Adoption
The project is built on the Cardano blockchain and has demonstrated ongoing development activity. While adoption remains limited, the project continues to work on its core technology and has established partnerships within the blockchain ecosystem.
Token Distribution
The token distribution appears to be relatively balanced, with allocations for development, ecosystem growth, and community incentives. Vesting schedules are in place for team tokens, which helps align long-term interests.
Crypto Impact
To assign a comfort level investing in IAGON 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 IAGON.
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.
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