Pontoon
Crypto Overview
Overview
Pontoon (TOON) is a cryptocurrency that serves as the utility token for the Pontoon DeFi ecosystem on the BNB Chain. The project aims to provide decentralized trading and staking services.
Purpose and Utility
The primary stated purpose of TOON is to serve as a governance token for the Pontoon protocol, allowing holders to participate in decision-making processes. It also functions as a utility token within the Pontoon ecosystem.
Business Model Analysis
The project's business model centers around providing decentralized exchange services and yield optimization strategies. Some aspects of the protocol involve lending and borrowing mechanisms which raise concerns from a Shariah perspective when not structured as charitable acts.
Development and Adoption
The project shows ongoing development activity, though the primary focus appears to be on DeFi lending and yield farming features.
Token Distribution
Token distribution information shows significant portions allocated to the team and early investors, with standard vesting periods in place. The project maintains transparency regarding token allocations.
Crypto Impact
To assign a comfort level investing in Pontoon 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 Pontoon.
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.