SeaPad
Crypto Overview
Overview
SeaPad is a cryptocurrency launchpad platform built on the Binance Smart Chain (BSC). It aims to provide a platform for launching new cryptocurrency projects and tokens while offering its native SPT token for governance and participation in token sales.
Purpose and Utility
The primary stated purpose of SeaPad is to serve as a token launchpad platform where projects can raise funds and launch their tokens. SPT token holders can participate in these launches and get early access to new projects. The token also provides governance rights within the SeaPad ecosystem.
Business Model Analysis
The platform operates by facilitating token sales and launches for new projects. The business model appears transparent, with clear documentation of how launches work and how SPT holders can participate. There is real utility in the form of launchpad access and governance rights.
Real-World Adoption
While the platform has conducted several token launches, the actual adoption level appears limited compared to larger launchpads. However, this does not impact its Sharia compliance status.
Development Activity
The project maintains regular updates to its platform and smart contracts. The team appears to be actively working on the project's development, though at a modest pace.
Token Distribution
The token distribution shows a relatively balanced allocation between the team, platform operations, and public sale. Team tokens have vesting periods in place to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in SeaPad 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 SeaPad.
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.