Puffer
Crypto Overview
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:
- Access to trading bot features
- Participation in governance decisions
- 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.
Crypto Impact
To assign a comfort level investing in Puffer 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 Puffer.
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.