FireStarter
Crypto Overview
Project Overview
FireStarter is a launchpad platform built on the Polygon network that aims to facilitate Initial DEX Offerings (IDOs) and serve as an incubator for new blockchain projects. The FLAME token is used for governance and provides access to early-stage project investments through their launchpad.
Intended Utility
The primary utilities of FLAME tokens include: Access to IDO participation, Governance rights for platform decisions, Staking for tier-based allocation in new project launches.
Current Usage & Adoption
The platform has facilitated several IDOs, though activity appears limited in recent months. The project maintains an active development repository and community engagement through social media channels.
Business Model Analysis
The core business model revolves around facilitating new project launches and creating a marketplace for early-stage project investments. The platform does not engage in interest-based lending or explicitly forbidden activities.
Token Distribution
Initial token distribution included allocations for the team (15%), advisors (5%), and public sale (40%). Team tokens are subject to a vesting schedule over 24 months.
Crypto Impact
To assign a comfort level investing in FireStarter 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 FireStarter.
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.