IguVerse

Overview

IguVerse is a Web3 mobile application that aims to gamify pet care and social media interactions through blockchain technology. The platform allows users to create digital versions of their pets using AI technology, participate in various activities, and earn rewards in the form of IGU tokens.

Purpose and Utility

The IGU token serves multiple functions within the IguVerse ecosystem: governance rights for platform decisions, rewards for content creation and engagement, and currency for in-app purchases and NFT transactions. Users can earn tokens by completing daily tasks, participating in competitions, and creating content featuring their pets.

Business Model Analysis

The platform's core activities revolve around pet-related content creation, social interactions, and digital pet ownership through NFTs. These activities do not inherently conflict with Islamic principles as they involve actual asset ownership and value creation through content and community engagement.

Development and Adoption

IguVerse has shown consistent development activity with regular updates to their platform and mobile application. The project has implemented AI-based pet recognition technology and maintains an active social media presence. While still in its growth phase, the platform demonstrates genuine utility development rather than pure speculation.

Token Distribution

The IGU token distribution includes allocations for development, marketing, team, and community rewards. While detailed vesting schedules are in place for team tokens, this aspect alone does not impact halal status as the token maintains legitimate utility.