FantomPAD

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.