Arcade
Crypto Overview
Overview
Arcade (ARC) is a governance token for the Arcade platform, which aims to create an NFT-backed lending protocol where users can borrow against their NFT assets. The protocol enables users to access liquidity by using their NFT collections as collateral.
Purpose and Utility
The primary intended use of ARC tokens is governance of the Arcade protocol. Token holders can participate in decision-making regarding protocol parameters, treasury management, and platform development. Additionally, ARC serves as a means to incentivize liquidity providers and platform usage.
Business Model
The core business model revolves around facilitating lending markets using NFTs as collateral. Users can borrow cryptocurrency by putting up their NFTs as collateral. Lenders earn returns by providing liquidity to the lending pools. The protocol generates revenue through fees on lending transactions.
Development and Adoption
The project has shown consistent development activity, with regular updates to the protocol. The team has established partnerships with various NFT projects and DeFi platforms to expand their ecosystem. However, actual adoption metrics and usage statistics are limited.
Token Distribution
The token distribution includes allocations for the team, early investors, treasury, and community. There are vesting schedules in place for team and investor tokens to prevent immediate selling pressure.
Crypto Impact
To assign a comfort level investing in Arcade 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 Arcade.
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.