Orbit Protocol
Crypto Overview
Overview
Orbit Protocol is a decentralized perpetual trading platform built on the Base network, aiming to provide leveraged trading of cryptocurrencies. The protocol utilizes the ORBIT token for governance and fee-sharing mechanisms.
Purpose and Utility
The primary purpose of ORBIT is to serve as a governance token for the Orbit Protocol ecosystem and to distribute trading fee revenues to token holders. Token holders can participate in protocol decisions and receive a share of the trading fees generated on the platform.
Business Model Analysis
The core business model revolves around providing leveraged perpetual futures trading services. The platform generates revenue through trading fees, with a portion distributed to ORBIT token holders.
Development and Adoption
The protocol is actively being developed and has launched on the Base network. The project maintains regular development updates and has an active community presence.
Token Distribution
The token distribution includes allocations for the team, early investors, and community incentives. Specific vesting schedules are in place for team and investor allocations.
Crypto Impact
To assign a comfort level investing in Orbit Protocol 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 Orbit Protocol.
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.