Floor Protocol
Crypto Overview
Protocol Overview
Floor Protocol aims to create a new decentralized token standard called Floor Tokens. These tokens are designed to maintain a price 'floor' through a unique burning mechanism and automated market maker (AMM) integration.
Purpose and Utility
The protocol's stated purpose is to create tokens that have a mathematical price floor, reducing downside risk while maintaining upside potential. The FLC token serves as the governance token for the Floor Protocol ecosystem, allowing holders to participate in protocol decisions.
Business Model Analysis
The protocol generates value through: 1) Protocol fees from Floor Token creation and trading, 2) Treasury management of protocol-owned liquidity, 3) Governance mechanisms for protocol development.
Real-World Adoption
The protocol is in its early stages, with limited adoption. Current usage primarily revolves around governance participation and trading.
Development Activity
The project maintains active development on GitHub, with regular updates to the protocol's smart contracts and documentation. The team has demonstrated consistent progress in implementing their roadmap.
Token Distribution
Initial token distribution allocated 30% to the team and advisors with a 3-year vesting period, 20% to early investors with a 2-year vesting period, and 50% to the community through various distribution mechanisms.
Crypto Impact
To assign a comfort level investing in Floor Protocol 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 Floor Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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