Seamless
Crypto Overview
Purpose and Utility
Seamless (SEAM) is the native token of the Seamless Protocol, which aims to facilitate cross-chain swaps and liquidity provision across different blockchain networks. The protocol was developed as a fork of GMX and aims to provide decentralized perpetual trading.
Business Model Analysis
The platform's core functionality revolves around providing liquidity and enabling cross-chain transactions. However, its primary use case involves perpetual futures trading and leveraged trading positions, which are forms of derivatives trading that typically operate as zero-sum games without actual asset exchange.
Real-World Adoption
The protocol currently operates on the Base network and has shown some adoption among traders, though exact usage statistics are limited. The platform has integrated with various DeFi protocols and maintains active development.
Token Distribution and Governance
SEAM tokens are used for protocol governance and revenue sharing. Token holders can stake their SEAM to earn a portion of the protocol's trading fees. The token distribution includes allocations for the team, early investors, and the community, with specific vesting schedules.
Crypto Impact
To assign a comfort level investing in Seamless 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 Seamless.
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.