Hord
Crypto Overview
Overview
HORD is a cryptocurrency project that aims to create a platform for social trading and portfolio management. The HORD token is intended to serve as a utility token within their ecosystem, enabling users to access premium features, participate in governance, and incentivize platform engagement.
Purpose and Utility
The stated purpose of HORD is to provide a decentralized platform where crypto traders can share their portfolio strategies and allow others to automatically copy their trades. The token is meant to facilitate access to premium features and reward successful traders.
Business Model Analysis
The core business model involves connecting experienced traders with those seeking to learn and copy successful strategies. Users can use HORD tokens to access premium features and pay for subscriptions to follow top traders.
Platform Development and Adoption
Research indicates that development activity has been minimal in recent periods. The project's social media channels and GitHub repository show limited recent updates. While the platform launched with initial features, adoption appears to have remained limited.
Token Distribution and Governance
The token distribution includes allocations for the team, advisors, and early investors, with standard vesting schedules. The project maintains transparency regarding token allocations and vesting periods.
Crypto Impact
To assign a comfort level investing in Hord 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 Hord.
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.
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You can change your vote if you change your mind.