Seal
Crypto Overview
Overview
Seal is a cryptocurrency project launched on the Binance Smart Chain that focuses on anti-bot and anti-manipulation features. It aims to provide a secure trading environment by implementing various protective mechanisms against common cryptocurrency trading exploits.
Purpose and Utility
The primary stated purpose of SEAL is to serve as a governance and utility token within its ecosystem. The token implements anti-bot measures in its smart contract and claims to offer protection against front-running and other manipulative trading practices.
Business Model Analysis
The project's business model centers around providing a secure trading environment through its anti-manipulation features. The team generates revenue through standard transaction fees, which is permissible under Islamic finance principles as it represents a fair exchange for services provided.
Real-World Adoption
The token has seen limited adoption primarily within the cryptocurrency trading community. While trading volume exists, the actual utility implementation appears to be primarily focused on trading rather than broader applications.
Development Activity
The project maintains active development of its smart contract features and security mechanisms. The team regularly updates their community about technical improvements and security enhancements.
Token Distribution
The token distribution appears to be relatively well-distributed, with no concerning concentration of tokens in founder or developer wallets. Lock-up periods were implemented for team allocations, showing consideration for long-term project stability.
Crypto Impact
To assign a comfort level investing in Seal 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 Seal.
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.