TheStandard Token
Crypto Overview
Overview
TheStandard Token (TST) is a cryptocurrency project launched in 2023 on the BNB Chain. It aims to serve as a decentralized store of value and medium of exchange, with specific focus on maintaining price stability through a unique protocol design.
Purpose and Utility
The stated purpose is to function as a stable cryptocurrency through algorithmic mechanisms and community governance. The actual current usage aligns with this intended purpose, though adoption remains in early stages.
Business Model Analysis
The project operates through a transparent, open-source protocol. The business model does not involve any inherently haram activities like interest-bearing products, gambling, or prohibited industries.
Real-World Adoption
The token shows early-stage adoption with growing trading volume on decentralized exchanges. While utility is currently limited primarily to trading and holding, this does not impact its halal status.
Development Activity
The project maintains active development with regular updates to its protocol. The team regularly communicates progress through official channels.
Token Distribution
Initial token distribution allocated 30% to the team and early investors, with vesting periods in place to prevent immediate selling. The remaining 70% was distributed through fair launch mechanisms.
Revenue Model
The project generates revenue through protocol fees from trading, which is permissible from an Islamic finance perspective as it represents actual value exchange.
Crypto Impact
To assign a comfort level investing in TheStandard Token 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 TheStandard Token.
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.