Defender Bot

Halal Rating :
Uncomfortable
Contract: 0x3f57c35633cb29834bb7577ba8052eab90f52a02
Last Price $0.0031 Last updated:
Rank 8745
1D Change 1.04 %
Market Cap -
Circulating supply 0
Maximum supply 99,050,000

Crypto Overview

Categories
  • Ethereum Ecosystem

Purpose and Utility

Defender Bot (DFNDR) is a cryptocurrency project that aims to provide automated trading tools and security features for DeFi protocols. The project claims to offer protection against front-running attacks and automated trading strategies.

Business Model Analysis

The project's business model revolves around providing trading automation and security services. The token is used as the native currency for accessing the platform's features and services. While trading automation itself is permissible from an Islamic perspective, investigation reveals that a significant portion of the platform's features involve automated lending and borrowing protocols.

Real-World Adoption

Current on-chain data shows limited adoption of the platform's security features. Most token activity appears to be concentrated around lending protocols and leveraged trading features.

Platform Development

The project shows ongoing development activity with regular updates to their smart contracts and trading algorithms. However, the majority of development focuses on DeFi lending features and yield generation mechanisms.

Token Distribution

Token distribution appears reasonably balanced with appropriate vesting schedules for team members and early investors. There are no immediate red flags regarding founder enrichment schemes.

Rating Justification

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