Tomb Shares
Crypto Overview
Overview
Tomb Shares (TSHARE) is a governance token within the Tomb Finance ecosystem on the Fantom blockchain. It serves as a mechanism for protocol governance and allows holders to participate in the protocol's decision-making process.
Purpose and Utility
The primary purpose of TSHARE is to mint TOMB tokens (the ecosystem's algorithmic token) when TOMB is trading above its peg to FTM. TSHARE holders can stake their tokens in the Masonry to earn TOMB rewards when the protocol is above peg.
Business Model Analysis
The business model revolves around maintaining the TOMB-FTM peg through a seigniorage system where TSHARE holders participate in the expansion and governance of the protocol. The core mechanism involves actual asset ownership and value creation through protocol governance.
Real-World Adoption
The token has seen significant adoption within the Fantom ecosystem, with active participation in governance and staking activities. The project maintains ongoing development and community engagement.
Token Distribution and Development
The token distribution appears reasonably balanced between the team, community, and protocol treasury. Development activity continues with regular updates and improvements to the protocol.
Compliance Analysis
The core functionality of TSHARE involves actual asset ownership and transfer, with legitimate governance utility. The protocol does not inherently involve interest-based lending or gambling mechanisms in its primary functions.
Crypto Impact
To assign a comfort level investing in Tomb Shares 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 Tomb Shares.
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.