Scream
Crypto Overview
Overview
Scream is a lending protocol built on the Fantom blockchain that enables users to lend and borrow various cryptocurrencies. The SCREAM token is used for governance and protocol incentives.
Purpose and Utility
The primary purpose of SCREAM is to serve as a governance token for the Scream protocol, allowing token holders to participate in decision-making regarding protocol parameters, supported assets, and other operational aspects. The token also incentivizes liquidity providers through yield farming mechanisms.
Business Model
The protocol generates revenue through lending and borrowing activities, with users paying interest on borrowed assets. This revenue is distributed to SCREAM token holders who participate in governance.
Platform Activity and Development
The protocol operates on the Fantom network and has maintained active development. However, the core functionality revolves around lending and borrowing activities, which are interest-based transactions.
Token Distribution
The token distribution includes allocations for the team, early investors, and the community through liquidity mining programs. The exact distribution percentages are publicly available through blockchain explorers.
Crypto Impact
To assign a comfort level investing in Scream 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 Scream.
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.