Rage Trade
Crypto Overview
Overview
Rage Trade is a decentralized perpetual futures trading protocol built on Arbitrum. The protocol allows users to trade cryptocurrencies with leverage using a virtual automated market maker (vAMM) system.
Purpose and Utility
The RAGE token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and features. Additionally, RAGE token holders can stake their tokens to earn a portion of the protocol's trading fees.
Business Model
The protocol generates revenue through trading fees from perpetual futures trading. The core functionality revolves around leveraged trading and derivatives, which are forms of financial speculation without actual asset ownership.
Development and Adoption
The protocol has an active development team and has implemented various updates to its trading infrastructure. The platform has achieved some adoption within the DeFi trading community, though exact usage metrics are not publicly available.
Token Distribution
The token distribution includes allocations for the team, early investors, and the community, with vesting schedules in place. Detailed tokenomics information is available through the project's documentation.
Crypto Impact
To assign a comfort level investing in Rage Trade 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 Trade.
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.