Trustpad (New)
Crypto Overview
Overview
TrustPad is a multi-chain token launchpad platform that aims to provide a secure and transparent environment for cryptocurrency projects to launch their tokens. The TPAD token serves as the native utility token of the platform.
Purpose and Utility
The primary utility of TPAD includes: governance rights for the platform, access to new token launches based on tier systems determined by TPAD holdings, and staking capabilities to participate in the platform's ecosystem.
Business Model Analysis
The platform generates revenue through launch fees and facilitates legitimate token sales, which aligns with halal principles as it provides a real service and involves actual asset exchange. The core business model revolves around connecting legitimate projects with investors, acting as an intermediary platform.
Platform Development and Adoption
TrustPad has demonstrated consistent development activity and maintains active partnerships with various blockchain projects. The platform has successfully launched multiple projects across different blockchain networks.
Token Distribution and Governance
The token distribution includes allocations for the team, development, and community incentives. While exact percentages are not publicly available in recent documentation, the presence of a functional platform suggests the token serves its intended utility rather than merely enriching founders.
Crypto Impact
To assign a comfort level investing in Trustpad (New) 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 Trustpad (New).
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.