Freeway Token
Crypto Overview
Purpose and Utility
Freeway Token (FWT) was launched as the native token of the Freeway platform, which claimed to offer high-yield 'Supercharger' products through what they described as a sophisticated arbitrage trading strategy.
Business Model Analysis
The platform's business model involved users depositing cryptocurrency or fiat currency to receive what they claimed were arbitrage trading returns. The platform promised up to 43% annual returns on cryptocurrency deposits.
Real-World Adoption
In October 2022, Freeway suddenly halted all platform withdrawals and significantly reduced reward rates, citing market volatility. Since then, the platform has remained largely non-functional, with users unable to access their funds.
Development Activity
There has been minimal verifiable development activity since the October 2022 incident. The project's social media channels and communication have been sporadic and unclear about the path forward.
Token Distribution and Founder Behavior
The project's lack of transparency regarding token distribution, combined with the sudden halting of withdrawals and subsequent communication issues, raises significant concerns about the project's intentions and operations.
Crypto Impact
To assign a comfort level investing in Freeway Token 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 Freeway Token.
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.