PowerTrade Fuel

Halal Rating :
Uncomfortable
Last Price $0.0088 Last updated:
Rank 2529
1D Change 1.40 %
Market Cap $205979.74
Circulating supply 23,311,586
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Centralized Exchange (CEX) Token
  • DeFi
  • Derivatives
  • Insurance
  • Ethereum Ecosystem
  • Yield Farming
  • Options
  • CMS Holdings Portfolio
  • Framework Ventures Portfolio
  • LedgerPrime Portfolio
  • Pantera Capital Portfolio

Overview

PowerTrade Fuel (PTF) is the utility token for PowerTrade, a cryptocurrency derivatives trading platform launched in 2020. The token is designed to serve multiple functions within the PowerTrade ecosystem, including trading fee discounts, governance participation, and staking rewards.

Purpose and Utility

The primary stated purpose of PTF is to facilitate the operations of the PowerTrade platform, which focuses on cryptocurrency derivatives trading. Users can stake PTF tokens to receive discounts on trading fees and participate in platform governance decisions. The token also serves as a means of value transfer within the ecosystem.

Business Model Evaluation

The core business model revolves around cryptocurrency derivatives trading, which includes leveraged trading and perpetual futures contracts. These financial instruments operate primarily as zero-sum games where one trader's gain is another's loss, without actual asset ownership transfer.

Platform Development and Adoption

While the platform maintains some development activity, the primary focus appears to be on derivatives trading functionalities. The platform has integrated with various blockchain networks but maintains its focus on speculative trading instruments.

Token Distribution and Governance

The token distribution includes allocations for team members, early investors, and the community. While the project maintains transparency regarding token distribution, the primary utility remains centered around derivatives trading operations.

Crypto Impact

To assign a comfort level investing in PowerTrade Fuel 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 PowerTrade Fuel.

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