STON.fi
Crypto Overview
Overview
STON.fi is a decentralized exchange (DEX) built on the Stellar blockchain that enables users to trade cryptocurrencies in a non-custodial manner. The STON token serves as the platform's governance and utility token.
Purpose and Utility
The primary purpose of STON is to provide utility within the STON.fi ecosystem. Token holders can participate in governance decisions, receive trading fee discounts, and stake tokens for additional benefits. The token is actively being used for its intended purposes on the platform.
Business Model Evaluation
The business model revolves around facilitating decentralized trading of digital assets. The platform generates revenue through trading fees, with a portion distributed to STON stakers. The core trading functionality aligns with halal principles as it involves real asset exchange.
Platform Development and Adoption
STON.fi demonstrates active development with regular updates to the platform. The project maintains an active GitHub repository and has a growing user base within the Stellar ecosystem. Trading volumes and user metrics indicate genuine adoption for its intended use case.
Token Distribution
The token distribution includes allocations for team members and development with standard vesting periods. While exact percentages are not publicly available, the distribution model appears designed for long-term sustainability rather than short-term profit taking.
Crypto Impact
To assign a comfort level investing in STON.fi 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 STON.fi.
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.