STP
Crypto Overview
Project Overview
Standard Protocol (STPT) is a DeFi infrastructure project aiming to create a decentralized synthetic asset protocol for cross-chain transactions and collateralization. The platform enables users to create, trade, and manage synthetic assets across different blockchain networks.
Intended Utility
The STPT token serves multiple purposes within the Standard Protocol ecosystem: governance rights for protocol decisions, collateral for synthetic asset minting, and staking for network security. The protocol aims to facilitate cross-chain DeFi operations through its synthetic asset framework.
Actual Utility Assessment
The project has demonstrated actual utility through partnerships with major blockchain networks and active development of its cross-chain infrastructure. On-chain data shows regular transaction activity and growing adoption of its synthetic asset platform. The development team maintains consistent github activity and regular technical updates.
Token Distribution and Governance
Token distribution shows a relatively balanced allocation with vesting schedules for team and early investors. About 30% is allocated to the team and advisors with a 3-year vesting period, indicating commitment to long-term development. The remaining distribution includes public sale (20%), ecosystem development (25%), and community rewards (25%).
Development vs Marketing
The project maintains a healthy balance between development and marketing activities, with significant resources allocated to technical development and security audits. Regular technical updates and protocol improvements demonstrate a focus on building sustainable infrastructure rather than short-term price action.
Crypto Impact
To assign a comfort level investing in STP 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 STP.
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.