Jones USDC
Crypto Overview
Overview
Jones USDC (JUSDC) is a perpetual futures trading protocol on Arbitrum that allows users to trade with leverage. The platform enables users to engage in derivatives trading with various cryptocurrencies.
Purpose and Utility
The intended purpose of JUSDC is to facilitate leveraged trading and derivatives speculation on cryptocurrency prices. The platform is actively used for this purpose, consistent with its design.
Business Model
The protocol generates revenue through trading fees and liquidations. The core functionality revolves around leveraged perpetual futures trading, which constitutes a form of gambling as it creates zero-sum outcomes between traders without actual asset ownership transfer.
Platform Analysis
The platform appears to have active development and usage within its intended scope of derivatives trading. The protocol has implemented various trading features and risk management systems typical of perpetual futures exchanges.
Token Distribution and Governance
The JUSDC token is used for protocol governance and fee sharing. While the token distribution details are transparent, the underlying business model remains focused on derivatives speculation.
Crypto Impact
To assign a comfort level investing in Jones USDC 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 Jones USDC.
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.