Gem Pad
Crypto Overview
Overview
Gem Pad is a decentralized launchpad platform built on the Binance Smart Chain (BSC). The GEMS token serves as the native utility token of the platform, primarily used for governance and access to early-stage project launches.
Purpose and Utility
The primary purpose of GEMS is to provide holders with access to new token launches on the Gem Pad platform. Token holders can stake GEMS to participate in Initial DEX Offerings (IDOs) and gain early access to new projects launching on the platform. The platform also implements a tier system based on the amount of GEMS staked, determining allocation sizes for IDO participants.
Business Model Analysis
The platform generates revenue through listing fees from projects launching on the platform and facilitates the exchange of real digital assets. The core business model revolves around providing a service to both token projects seeking funding and investors looking for early access to new projects.
Development and Adoption
The project shows regular platform updates and maintenance, though detailed development activity metrics are limited. The platform has hosted several IDOs, indicating actual usage for its intended purpose.
Token Distribution
Token distribution includes allocations for the team, development, marketing, and public sale participants. Specific percentage breakdowns and vesting schedules are implemented to prevent large-scale immediate selling.
Crypto Impact
To assign a comfort level investing in Gem Pad 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 Gem Pad.
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.