Long
Crypto Overview
Purpose and Utility
LONG is a cryptocurrency that appears to be focused on perpetual futures trading. The token is associated with a decentralized leverage trading platform. The primary stated use case is to provide users with governance rights over the protocol and potential revenue sharing from trading fees.
Business Model Analysis
The platform's core functionality revolves around leveraged trading and derivatives, which are activities that typically involve zero-sum trading without actual asset exchange. The protocol appears to facilitate speculative trading where one party's gain is directly another's loss.
Real-World Adoption
The platform shows active trading volume and user engagement, primarily in leveraged trading activities. While there is genuine usage, the primary application remains focused on leveraged derivatives trading.
Development Activity
The project maintains regular development updates and platform improvements, indicating an active technical team and ongoing platform maintenance.
Token Distribution and Governance
The token has a governance structure where holders can participate in protocol decisions. However, the primary utility remains centered around the perpetual futures trading ecosystem.
Crypto Impact
To assign a comfort level investing in Long 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 Long.
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.