Plasma Finance
Crypto Overview
Project Overview
Plasma Finance (PPAY) was designed as a DeFi aggregation and portfolio management platform aimed at making decentralized finance more accessible to mainstream users. The platform intended to combine various DeFi services including trading, portfolio tracking, and yield farming opportunities in one interface.
Purpose and Utility
The PPAY token was meant to serve as a governance token for the Plasma Finance platform, allowing holders to participate in protocol decisions and receive rewards from platform fees.
Current Status
As of 2024, the project appears to be inactive. The official website is no longer accessible, and there has been minimal development activity on their GitHub repositories. Trading volumes are extremely low, and there is no evidence of current real-world adoption or active use cases.
Token Distribution and Governance
Historical data shows the token had an initial supply of 1,000,000,000 PPAY tokens. However, due to the project's current inactive status, detailed information about current token distribution and governance implementation is not available.
Crypto Impact
To assign a comfort level investing in Plasma 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 Plasma 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.