FantomPAD
Crypto Overview
Overview
FantomPAD is a launchpad platform built on the Fantom blockchain network. It aims to provide a platform for new projects to launch their tokens and raise capital while offering its native FPAD token holders early access to these launches.
Purpose and Utility
The primary utility of FPAD tokens includes: governance rights over the platform, access to new token launches based on holding tiers, and staking opportunities. Token holders can participate in the platform's decision-making processes and gain privileged access to new project launches based on their FPAD holdings.
Business Model Analysis
The platform generates revenue through fees from projects launching on the platform and facilitates legitimate token sales, which aligns with halal principles as it involves actual exchange of assets and provides real utility. However, the platform does include staking mechanisms that need careful consideration.
Token Distribution and Founder Involvement
Token distribution information and development activity are limited, making it difficult to fully assess the project's long-term viability. However, this limitation doesn't affect its halal status since the core business model involves legitimate asset exchange.
Crypto Impact
To assign a comfort level investing in FantomPAD 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 FantomPAD.
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.