COPE
Crypto Overview
Overview
COPE is a governance and utility token for the Cope trading platform on the Solana blockchain. It was created to provide utility within a social trading ecosystem where users can share and follow trading strategies.
Purpose and Utility
The intended purpose of COPE is to serve as a governance token for the Cope protocol and provide access to premium features within the platform. Token holders can participate in protocol governance decisions and access advanced trading features.
Business Model Analysis
The business model centers around social trading and strategy sharing, which does not inherently conflict with Islamic principles. The platform does not facilitate interest-based lending or gambling activities. Users maintain ownership of their assets while trading.
Real-World Adoption
The Cope platform has seen limited adoption, with most token activity occurring on decentralized exchanges. The development team continues to work on the platform's features and functionality.
Token Distribution
Token distribution information shows a relatively balanced allocation between team, community, and development fund. There are vesting schedules in place for team tokens to prevent immediate selling.
Development Activity
The project maintains ongoing development efforts, though at a moderate pace. Updates to the platform are released periodically, indicating continued commitment to the project's goals.
Crypto Impact
To assign a comfort level investing in COPE 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 COPE.
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.