Aluna.Social
Crypto Overview
Project Overview
Aluna.Social is a social trading platform that allows users to connect their cryptocurrency exchange accounts and share their trading activities. The ALN token serves as the platform's native utility token, used for governance, rewards, and accessing premium features.
Purpose and Utility
The intended purpose of ALN is to facilitate the operation of a social trading ecosystem where users can share trading strategies, follow successful traders, and earn rewards for contributing valuable content. The token is used for governance voting, accessing premium features, and rewarding content creators and successful traders.
Business Model Analysis
The platform's business model is based on creating a transparent social trading environment where knowledge and expertise can be shared. The core functionalities do not involve inherently prohibited activities like interest-based lending or gambling. Users take actual ownership of tokens and there is a genuine exchange of value through the sharing of trading strategies and market insights.
Real-World Adoption
The platform has shown some adoption among crypto traders, with integration support for major exchanges including Binance, FTX, and Kucoin. While usage metrics are modest, the platform maintains active development and community engagement.
Token Distribution and Development
The token distribution includes allocations for the team, development, and community incentives. While detailed vesting information is limited, the project maintains regular development updates and platform improvements.
Crypto Impact
To assign a comfort level investing in Aluna.Social 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 Aluna.Social.
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.