Holdstation
Crypto Overview
Project Overview
Holdstation is a decentralized perpetual futures trading platform built on the Base blockchain network. The platform's native token HOLD is used for fee discounts, protocol governance, and revenue sharing.
Purpose and Utility
The primary purpose of HOLD token is to facilitate platform governance and provide benefits to users trading on the Holdstation platform. Token holders can participate in protocol decision-making and receive a share of trading fees generated on the platform.
Business Model Analysis
The core business model revolves around providing leveraged perpetual futures trading services, which is essentially a form of margin trading and speculation that often functions as a zero-sum game between traders.
Platform Development and Adoption
The platform is actively maintained and has seen growing adoption since its launch. The development team regularly pushes updates and improvements to the protocol.
Token Distribution
Token distribution includes allocations for the team, early investors, community incentives, and protocol treasury. Specific vesting schedules are in place for team and investor allocations to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Holdstation 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 Holdstation.
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.