Poolz Finance
Crypto Overview
Project Overview
Poolz Finance is a decentralized cross-chain IDO platform built on multiple blockchains including Ethereum, BSC, and Polygon. The platform aims to provide a launchpad for new cryptocurrency projects while enabling users to participate in token sales and initial offerings.
Purpose and Utility
POOLX serves as the native utility token of the Poolz Finance ecosystem. Its primary functions include: governance rights for platform decisions, staking to participate in IDO allocations, and payment for platform services.
Business Model Analysis
The platform generates revenue through listing fees from projects launching on the platform and transaction fees from token sales. The model itself involves legitimate exchange of assets and services.
Real-World Adoption
Poolz Finance has facilitated numerous token launches across different blockchain networks. The platform maintains active partnerships with various blockchain projects and continues to develop its infrastructure.
Development Activity
The project maintains regular development activity with ongoing platform updates and feature implementations. Their GitHub repositories show consistent commits and technical improvements.
Token Distribution
The token distribution shows a structured allocation with vesting periods for team and advisors. Early investors and team members are subject to lock-up periods, which helps prevent market manipulation.
Crypto Impact
To assign a comfort level investing in Poolz 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 Poolz 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.