Tigris
Crypto Overview
Overview
Tigris is a decentralized leveraged trading platform that launched in 2022. The TIG token serves as the governance and utility token for the Tigris Trading platform.
Purpose and Utility
The TIG token's primary purposes are: Governance rights for protocol decisions, Fee sharing from trading operations, Staking rewards, and Platform utility for reduced trading fees.
Business Model
The platform operates as a decentralized leveraged trading protocol, allowing users to trade with up to 100x leverage. The protocol generates revenue through trading fees and liquidations. The core business model revolves around leveraged trading activities and derivatives.
Development and Adoption
The platform shows active development on GitHub and regular updates to the protocol. The team maintains transparency through regular community updates and documentation. However, the primary use case focuses on leveraged trading and derivatives.
Token Distribution
Initial token distribution included allocations for the team, early investors, and community. Specific vesting schedules are in place for team tokens to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Tigris 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 Tigris.
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.