Neutra Finance
Crypto Overview
Overview
Neutra Finance is a decentralized finance (DeFi) protocol launched on the BNB Chain. The project aims to provide decentralized perpetual trading with up to 100x leverage.
Purpose and Utility
The NEU token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and development. It also acts as a means to share protocol revenue with token holders.
Business Model Evaluation
The core business model revolves around providing leveraged perpetual futures trading and generating revenue through trading fees. The platform enables users to trade cryptocurrencies with leverage, which essentially constitutes a form of gambling as it creates zero-sum games between traders.
Platform Development and Adoption
The protocol shows ongoing development activity with regular updates to its smart contracts and user interface. The platform has achieved some adoption within the DeFi space, particularly among leveraged traders.
Token Distribution
The token distribution includes allocations for the team, development fund, and public sale participants. While specific percentages are not publicly available, the project implements vesting schedules for team tokens.
Crypto Impact
To assign a comfort level investing in Neutra Finance 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 Neutra Finance.
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.