Don-key
Crypto Overview
Project Overview
Don-key Finance is a social trading platform launched in 2021 that aims to connect cryptocurrency traders with investors. The platform allows successful traders (called 'farmers') to share their trading strategies, while investors can copy these strategies automatically.
Utility Assessment
The DON token serves as the platform's native token with several utilities: governance rights for protocol decisions, access to premium features, and rewards distribution for successful traders and their followers. Farmers must stake DON tokens to offer their strategies on the platform.
Business Model Evaluation
The platform generates revenue through fees charged on successful trades and subscription services. The core business model revolves around facilitating copy trading and strategy sharing, which involves actual asset ownership and transfer of value between parties.
Development & Adoption
The project maintains active development on GitHub and has established partnerships with various DeFi protocols. The platform currently supports trading on multiple blockchain networks including Ethereum and Binance Smart Chain.
Token Distribution
Initial token distribution included allocations for the team (15%), advisors (5%), and private sale (30%), with vesting periods implemented. The remaining tokens were distributed through public sale and ecosystem development.
Crypto Impact
To assign a comfort level investing in Don-key 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 Don-key.
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.