BSCStarter
Crypto Overview
Project Overview
BSCStarter (START) was launched as a decentralized initial DEX offering (IDO) platform on the Binance Smart Chain. The project aimed to provide a launchpad for new cryptocurrency projects, allowing START token holders to participate in early-stage token sales.
Purpose and Utility
The primary intended utility of START tokens is governance and access rights to the launchpad platform. Token holders can stake START to participate in IDOs and vote on platform decisions.
Business Model Analysis
The platform facilitates token launches and sales, which involves the legitimate exchange of digital assets. The core business model does not inherently involve prohibited activities like gambling or interest-based lending.
Real-World Adoption
The platform has facilitated multiple token launches, though activity has significantly decreased since its peak in 2021. The project has rebranded to 'Starter' and expanded to multiple blockchains beyond BSC.
Development Activity
While the project maintains basic operational functionality, development activity has been minimal in recent periods. The platform continues to operate but with reduced frequency of new launches.
Token Distribution and Vesting
The initial token distribution included allocations for the team, advisors, and early investors with vesting schedules. There is no evidence of founders dumping tokens or engaging in manipulative practices.
Crypto Impact
To assign a comfort level investing in BSCStarter 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 BSCStarter.
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.