IMOV
Crypto Overview
Overview
IMOV (IMT) is an ERC-20 token that serves as the utility token for the IMove-to-Earn ecosystem, a blockchain-based fitness and health platform.
Purpose and Utility
The primary purpose of IMT is to reward users for physical activity and movement through the IMOV mobile application. Users can earn IMT tokens by walking, running, or engaging in other physical activities tracked by the app.
Business Model
The platform generates revenue through NFT sales of virtual sneakers required for participation, marketplace fees, and token operations. The business model appears transparent and does not involve any inherently prohibited activities like gambling or interest-based lending.
Real-World Adoption
The platform has shown moderate adoption since its launch, with an active user base primarily in Asia. On-chain data shows regular transaction activity related to rewards distribution and NFT trading.
Development Activity
The development team maintains regular updates to the platform and mobile application. GitHub repositories show consistent commits, indicating ongoing technical development.
Token Distribution
The token distribution includes allocations for the team (15%), development (20%), ecosystem rewards (40%), and public sale (25%). Team tokens are subject to a 2-year vesting period with gradual unlocks.
Crypto Impact
To assign a comfort level investing in IMOV 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 IMOV.
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.