LumiShare
Crypto Overview
Overview
LumiShare is a cryptocurrency project that aims to bridge traditional asset investment with blockchain technology. The project claims to be backed by physical gold reserves and real estate assets, with a focus on providing a gold-backed stablecoin ecosystem.
Purpose and Utility
The primary stated purpose of LUMI is to serve as a utility token within the LumiShare ecosystem, enabling participation in their asset-backed financial services platform. The token is designed to provide access to gold-backed stablecoins and real estate investment opportunities.
Business Model Analysis
The project operates through a combination of physical asset backing (gold and real estate) and blockchain technology. The business model appears to focus on legitimate asset ownership and transfer, avoiding interest-based mechanisms. The platform emphasizes transparency in asset backing and ownership structures.
Real-World Adoption
While the project is relatively new, it has established partnerships with gold suppliers and real estate developers. The actual usage of the token primarily revolves around trading and accessing the platform's services.
Development Activity
The project maintains regular development updates and platform improvements. The team has been actively working on expanding the ecosystem's functionality and improving user interface.
Token Distribution
The token distribution includes allocations for development, marketing, and ecosystem growth. Vesting periods are in place for team tokens, showing consideration for long-term project sustainability.
Crypto Impact
To assign a comfort level investing in LumiShare 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 LumiShare.
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.