Phuture
Crypto Overview
Project Overview
Phuture is a decentralized protocol designed to enable the creation and management of token-based index funds on various blockchain networks. The PHTR token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol upgrades and parameters.
Intended Utility
The primary utility of PHTR includes governance rights over the protocol, fee sharing from index products, and staking opportunities. Token holders can vote on proposals affecting the protocol's development and receive a portion of the fees generated from index products.
Business Model Analysis
The protocol generates revenue through fees charged on index products and management fees. This model appears transparent and doesn't inherently involve prohibited activities like interest-based lending or gambling.
Actual Usage and Adoption
The protocol has launched several index products on different blockchain networks, with active usage for index creation and management. Development activity remains ongoing, with regular updates to the protocol and new index products being introduced.
Token Distribution
The token distribution includes allocations for team members, early investors, and the community, with vesting schedules in place to prevent immediate dumping. The distribution model appears designed for long-term protocol sustainability rather than short-term profit taking.
Technology and Revenue Model
The core technology focuses on index creation and management, which involves the legitimate exchange of digital assets. The revenue model is based on service fees rather than interest or prohibited activities.
Crypto Impact
To assign a comfort level investing in Phuture 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 Phuture.
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.