IGUP (IguVerse)
Crypto Overview
Project Overview
IguVerse (IGUP) is a Web3 gaming platform and social network that integrates AI technology with blockchain gaming. The platform allows users to create digital pets from real photos of their animals, which can then be used in various game modes and social interactions.
Purpose and Utility
The IGUP token serves as the primary utility token within the IguVerse ecosystem. Its main purposes include: governance rights for platform decisions, rewards for game participation and content creation, and in-game currency for purchasing digital assets and upgrades.
Business Model Analysis
The platform generates value through: NFT creation and trading of digital pets, gameplay rewards, content creation incentives, and ecosystem participation. The core activities appear to focus on gaming and social networking, with no evident involvement in prohibited activities like gambling, interest-based lending, or adult content.
Development and Adoption
The project shows active development with regular updates to their platform and gaming features. The team maintains transparent communication through their official channels and has established partnerships with various blockchain gaming entities.
Token Distribution and Governance
The token distribution includes allocations for ecosystem rewards, development, marketing, and team members. The team's tokens are subject to a vesting schedule to ensure long-term alignment with the project's success.
Crypto Impact
To assign a comfort level investing in IGUP (IguVerse) 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 IGUP (IguVerse).
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