Rage
Crypto Overview
Overview
Rage (RAGE) is a cryptocurrency launched in conjunction with RageTradeVx, a decentralized perpetual futures exchange on Arbitrum. The RAGE token serves as a governance and utility token within the RageTrade ecosystem.
Purpose and Utility
The primary stated purpose of RAGE is to provide governance rights and incentivize liquidity provision in the RageTrade protocol. Token holders can participate in protocol governance decisions and earn rewards through staking.
Business Model Analysis
The core business model revolves around perpetual futures trading and leveraged trading products. The platform enables users to trade with leverage and engage in derivative trading activities.
Real-World Adoption
The protocol has achieved some adoption within the DeFi ecosystem on Arbitrum, primarily focused on traders seeking leveraged exposure to various crypto assets.
Development Activity
The project maintains active development, with regular updates to the protocol and trading infrastructure.
Token Distribution
The token distribution includes allocations for the team, early investors, and community initiatives, with vesting schedules in place for team tokens.
Crypto Impact
To assign a comfort level investing in Rage 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 Rage.
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.