Poolz Finance
Crypto Overview
Project Overview
Poolz Finance is a decentralized cross-chain token launchpad and auction protocol that enables projects to raise capital and create initial token distributions. The platform facilitates token sales through a unique system of decentralized auctions and liquidity pools.
Intended Utility
The POOLX token serves as the native utility token of the Poolz Finance ecosystem with the following purposes: Governance rights for protocol decisions, staking to participate in token sales, fee discounts for projects launching on the platform, and access to exclusive investment pools.
Actual Utility & Adoption
The platform has facilitated numerous token launches since its inception. The POOLX token is actively used for its intended purposes, particularly for staking to access investment opportunities and governance. Development activity remains consistent with regular updates to the protocol.
Token Distribution & Founder Analysis
The token distribution includes allocations for the team, advisors, and early investors with standard vesting schedules to prevent immediate selling. The development team maintains an active GitHub repository and regular communications through official channels.
Business Model & Revenue
The platform generates revenue through listing fees from projects launching on the platform and transaction fees from token sales. These fees are collected in a permissible manner as they represent payment for actual services rendered.
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.