HOLD
Crypto Overview
Project Overview
HOLD (EARN) is a cryptocurrency platform that aims to incentivize long-term holding of cryptocurrency assets. The project was launched to provide users with rewards for holding their tokens, attempting to create a more stable trading environment.
Purpose and Utility
The primary stated purpose of EARN is to reward users who hold their tokens for extended periods. The platform implements a staking mechanism where holders can earn additional tokens based on their holding duration.
Business Model Evaluation
The core business model revolves around token distribution and staking rewards. While staking mechanisms can be complex from an Islamic finance perspective, in this case, the rewards come from a pre-allocated pool of tokens rather than interest-bearing mechanisms.
Adoption and Usage
The project shows limited but active usage within its ecosystem. The token is primarily used for its intended purpose of staking and holding, with most holders participating in the reward system.
Development Activity
The project maintains regular updates to its platform and smart contracts. Development activity is focused on improving the staking mechanism and security features.
Token Distribution
Review of token distribution shows a relatively balanced allocation between team, development fund, and public circulation. Team tokens appear to have appropriate vesting periods to prevent immediate dumps.
Crypto Impact
To assign a comfort level investing in HOLD 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 HOLD.
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.