CoTrader

Halal Rating :
Uncomfortable
Contract: 0x5c872500c00565505f3624ab435c222e558e9ff8
Last Price $0.0000037 Last updated:
Rank 2792
1D Change 2.12 %
Market Cap $74,056
Circulating supply 20,000,000,000
Maximum supply None

Crypto Overview

Categories
  • Ethereum Ecosystem
  • BNB Chain Ecosystem

Purpose and Utility

CoTrader presents itself as a decentralized fund management platform where users can invest in skilled traders' portfolios. The platform aims to enable transparent and automated fund management through smart contracts.

Business Model Evaluation

The platform's core functionality revolves around copying trades and managing decentralized investment funds. While the basic concept of copy trading is permissible from an Islamic perspective, the current implementation includes elements of lending and interest-bearing activities through its integration with various DeFi protocols.

Real-World Adoption

Current on-chain data shows very limited activity on the platform. The token primarily exists on decentralized exchanges with minimal trading volume and limited actual usage for its intended purpose.

Platform Development

The project's GitHub repository shows minimal recent development activity. The last significant updates were made several months ago, indicating a possible slowdown in technical development.

Token Distribution

A significant portion of the token supply appears to be concentrated among a small number of addresses, though exact figures are difficult to verify due to limited transparent documentation.

Rating Justification

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