Thales
Crypto Overview
Overview
Thales is a decentralized protocol built on Ethereum that enables the creation and trading of binary options and prediction markets. The THALES token is used for governance and protocol operations.
Purpose and Utility
The primary purpose of Thales is to provide a platform for binary options trading and prediction markets. The THALES token grants governance rights over the protocol parameters and future development.
Business Model
The protocol generates revenue through fees from market creation and trading activities. The core functionality revolves around binary options and prediction market creation, which essentially constitutes betting on future outcomes.
Real-World Adoption
Thales has achieved some adoption within the DeFi ecosystem, with active markets and trading volume. The protocol has partnerships with several other DeFi projects and has maintained consistent development activity.
Platform Development
The project maintains active development with regular updates to the protocol. The team consistently releases new features and improvements to the platform.
Token Distribution
The token distribution includes allocations for the team, early investors, and the community treasury. There are vesting schedules in place for team and investor allocations.
Crypto Impact
To assign a comfort level investing in Thales 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 Thales.
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.