SafeLaunch
Crypto Overview
Purpose and Intended Use
SafeLaunch (SFEX) was created as a launchpad platform on Binance Smart Chain intended to provide a secure environment for new cryptocurrency projects to launch their tokens. The platform claims to offer pre-vetted investment opportunities and protection mechanisms for investors.
Business Model Analysis
The platform's core business involves facilitating token launches and providing tools for project vetting. Token holders can participate in new token launches and receive allocations based on their SFEX holdings. The basic model appears to align with halal principles as it involves actual exchange of assets and provides clear utility through launchpad services.
Real-World Adoption
Current on-chain data shows limited but existing adoption, with several projects having launched through the platform. While trading volume is moderate, there is evidence of actual utility being derived from the platform's launchpad functionality.
Development Activity
The project maintains active development with regular updates to the platform's smart contracts and user interface. The team appears to be focused on improving security features and expanding platform capabilities.
Token Distribution
Project founders hold approximately 15% of tokens with a 2-year vesting period. The remaining distribution appears relatively well-spread among users and liquidity pools.
Revenue Model
The platform generates revenue through launch fees paid by projects and transaction fees from token sales, which represents a legitimate exchange of value and services.
Crypto Impact
To assign a comfort level investing in SafeLaunch 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 SafeLaunch.
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.