Roseon
Crypto Overview
Project Overview
Roseon Finance is a mobile-first DeFi platform that aims to bridge the gap between traditional finance and decentralized finance (DeFi). The platform, launched in 2021, offers a mobile wallet application that integrates various DeFi services including yield farming, staking, and trading.
Purpose and Utility
The ROSX token serves as the native utility token of the Roseon Finance ecosystem. Its primary functions include: governance rights for protocol decisions, staking rewards, and fee discounts on the platform's services.
Business Model Assessment
The core business model revolves around providing DeFi services through a mobile application. While the platform includes yield farming and staking features which involve interest-bearing activities, it also provides legitimate utility through its governance mechanism and trading functionalities.
Development and Adoption
The project maintains active development on their mobile application and DeFi services. The platform has established partnerships with various blockchain projects and continues to expand its service offerings.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors, with vesting periods in place to prevent immediate selling pressure.
Crypto Impact
To assign a comfort level investing in Roseon 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 Roseon.
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.