BSCPAD
Crypto Overview
Overview
BSCPad is a launchpad platform built on the Binance Smart Chain (BSC) that facilitates Initial DEX Offerings (IDOs) for new blockchain projects. The BSCPAD token serves as the platform's native utility token, providing holders with access to new token sales and governance rights.
Intended Utility
The primary purpose of BSCPAD is to provide a decentralized fundraising platform for new projects while offering token holders guaranteed allocation rights in IDOs based on their BSCPAD holdings. The platform implements a tiered system where higher token holdings grant better allocation opportunities.
Actual Utility Assessment
Current usage aligns with the intended purpose, with the platform actively launching new projects and maintaining a tier-based allocation system. On-chain data shows consistent platform activity and token usage for accessing IDO opportunities.
Token Distribution and Governance
Initial token distribution allocated 30% to public sale, 20% to team and advisors (with vesting), 20% to ecosystem development, 15% to liquidity provision, and 15% to marketing and partnerships. Team tokens are subject to a 24-month vesting schedule with quarterly unlocks.
Development Activity
The platform maintains regular updates and improvements to its launchpad functionality. The development team remains active in implementing new features and security improvements, though marketing activities are notably prominent.
Crypto Impact
To assign a comfort level investing in BSCPAD 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 BSCPAD.
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.