ETHPad
Crypto Overview
Overview
ETHPad is a launchpad platform built on the Ethereum blockchain that aims to provide a decentralized platform for launching new cryptocurrency projects. It operates as an IDO (Initial DEX Offering) platform where projects can raise capital and distribute tokens to early supporters.
Purpose and Utility
The primary utility of ETHPAD token includes governance rights over the platform, access to new token launches, and tier-based allocation system for participating in IDOs. Token holders can stake ETHPAD to receive allocation rights for upcoming project launches.
Business Model Analysis
The platform generates revenue through listing fees from projects launching on the platform and facilitates the exchange of real digital assets. The core business model involves connecting legitimate blockchain projects with potential investors, which aligns with halal principles as it involves actual asset exchange and value creation.
Development and Adoption
The platform maintains active development and has facilitated multiple IDO launches. The ecosystem shows regular updates and maintenance of the platform infrastructure.
Token Distribution
The token distribution includes allocations for public sale, team, advisors, and platform development. Team tokens typically have vesting periods to ensure long-term alignment with the project's success.
Crypto Impact
To assign a comfort level investing in ETHPad 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 ETHPad.
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.