LaunchR
Crypto Overview
Project Overview
LaunchR (LCR) is a newly launched cryptocurrency project that aims to serve as a decentralized launchpad platform for new blockchain projects. The platform intends to provide a fair and transparent token launch mechanism for new crypto projects while giving early access to vetted investment opportunities.
Utility Analysis
The primary utility of LCR tokens includes governance rights over the platform's operations, access to new token launches, and staking capabilities to participate in the platform's operations. Token holders can participate in the vetting process of new projects and earn rewards for successful launches.
Development & Adoption
The project is in its early stages with limited adoption. The development team is actively working on the platform's core features, though current usage primarily revolves around trading and speculation. The team maintains regular communication through their official channels and provides development updates.
Token Distribution
The token distribution appears relatively balanced with: 30% allocated to community incentives, 25% to the development team (with a 2-year vesting period), 20% for platform liquidity, 15% for marketing, and 10% reserved for future development.
Revenue Model
The platform generates revenue through launch fees from new projects, which are distributed partially to token stakers. This model does not involve interest-bearing mechanisms or lending protocols.
Crypto Impact
To assign a comfort level investing in LaunchR 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 LaunchR.
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.