SPERO
Crypto Overview
Overview
Spero ($S) is a cryptocurrency token that operates on the Celsius Network's ecosystem, intended to serve as a utility token for the broader Celsius platform. The token was created to support decentralized finance (DeFi) operations within the Celsius ecosystem.
Purpose and Utility
The primary stated purpose of Spero was to facilitate transactions and provide utility within the Celsius Network's ecosystem. However, following the collapse of Celsius Network in 2022, the token's utility and future remain uncertain.
Business Model Assessment
The original business model was closely tied to Celsius Network's lending and borrowing operations. Given Celsius Network's bankruptcy and the revelation that it operated as an undisclosed Ponzi scheme, the current business model and utility of Spero is highly questionable.
Development Activity
There appears to be minimal to no active development on the Spero project. The collapse of Celsius Network has effectively halted any meaningful development or utility implementation.
Token Distribution
The token distribution details are unclear, with significant concerns about centralization and control following the Celsius Network's bankruptcy proceedings.
Crypto Impact
To assign a comfort level investing in SPERO 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 SPERO.
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.