Puffer

Halal Rating :
Uncomfortable
Contract: 0x4d1C297d39C5c1277964D0E3f8Aa901493664530
Last Price $0.19 Last updated:
Rank 771
1D Change -10.28 %
Market Cap $19.55m
Circulating supply 102,306,717
Maximum supply None

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Restaking
  • EigenLayer Ecosystem

Project Overview

Puffer is a new cryptocurrency built on the Arbitrum network that launched in January 2024. The project aims to provide a decentralized finance (DeFi) ecosystem with a focus on creating a self-paying trading bot system.

Utility Assessment

The primary stated utility of PUFFER tokens is to serve as the governance and utility token for their ecosystem, which includes:

  1. Access to trading bot features
  2. Participation in governance decisions
  3. Staking mechanisms

Development & Adoption

The project is in its very early stages, having just launched. While the development team is anonymous, they have demonstrated consistent progress on their roadmap deliverables. The project has gained some initial traction with over 2,000 holders.

Token Distribution

The token distribution appears reasonably balanced: 40% for public sale, 20% for liquidity, 15% for marketing, 15% for development, and 10% for team allocation with a 6-month vesting period.

Revenue Model

The project primarily generates revenue through trading bot fees and staking mechanisms. While staking is a key component, it operates more as a reward distribution system rather than an interest-bearing mechanism.

Rating Justification

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