Lumoz

Halal Rating :
Comfortable
Last Price $0.021 Last updated:
Rank 925
1D Change 25.27 %
Market Cap $23.1m
Circulating supply 1,100,000,000
Maximum supply None

Crypto Overview

Categories
  • Zero Knowledge Proofs
  • Arbitrum Ecosystem

Project Overview

Lumoz is an Ethereum Layer 2 blockchain platform that focuses on providing scalable Web3 gaming infrastructure. The MOZ token serves as the native utility token for the Lumoz ecosystem, used for governance, staking, and platform fees.

Purpose and Utility

The primary purpose of Lumoz is to provide gaming-focused blockchain infrastructure, with MOZ token being used for: Platform governance and voting rights, Validator staking and rewards, Payment of transaction fees on the network.

Business Model Assessment

The business model appears focused on legitimate blockchain infrastructure development, particularly for gaming applications. While gaming itself can be concerning from a Sharia perspective, the platform itself appears to be providing technical infrastructure rather than directly facilitating gambling or chance-based games.

Development and Adoption

The project shows active development with regular GitHub commits and technical updates. The platform is in early stages but has established partnerships with several game developers and blockchain projects.

Token Distribution

Token distribution includes allocations for: Development team (15%), Ecosystem growth (25%), Community rewards (30%), Initial liquidity (20%), Treasury (10%). Team tokens are subject to a 4-year vesting period with a 12-month cliff.

Crypto Impact

To assign a comfort level investing in Lumoz 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 Lumoz.

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.