SuiPad
Crypto Overview
Project Overview
SuiPad is a launchpad platform built on the Sui Network, designed to facilitate the launch of new projects in the Sui ecosystem. The SUIP token serves as the platform's native utility token, providing holders with access to token sales, governance rights, and platform features.
Intended Purpose
The primary utility of SUIP includes: Access to token sales on the SuiPad platform, Governance participation in platform decisions, Staking for tier-based allocation in upcoming project launches.
Current Implementation
SuiPad operates as a functional launchpad, facilitating IDOs (Initial DEX Offerings) for new projects on the Sui Network. The platform employs a tier-based system where SUIP holders can stake their tokens to participate in new token launches.
Business Model Analysis
The business model revolves around facilitating new project launches and token sales, which is a legitimate business activity from an Islamic finance perspective as it involves real asset exchange and value creation. The platform does not engage in interest-bearing activities or gambling mechanisms.
Development Activity
The project maintains active development, with regular updates to the platform infrastructure and smart contracts. The team has demonstrated consistent progress in implementing planned features and maintaining the platform's security.
Crypto Impact
To assign a comfort level investing in SuiPad 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 SuiPad.
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.