Twin Protocol
Crypto Overview
Overview
Twin Protocol is a decentralized perpetual trading platform that claims to enable traders to take long or short positions on various crypto assets. The TWIN token serves as both a governance and utility token within the ecosystem.
Purpose and Utility
The primary stated purpose of Twin Protocol is to provide decentralized perpetual futures trading infrastructure. The TWIN token is used for governance, fee sharing, and providing liquidity to the protocol.
Business Model
The platform operates as a decentralized exchange for perpetual futures trading, generating revenue through trading fees. The protocol's core functionality revolves around leveraged trading and derivatives.
Real-World Adoption
The protocol shows limited adoption metrics, but this isn't relevant for halal assessment purposes. The main concern is that the core business model centers around leveraged perpetual futures trading.
Token Distribution
While detailed tokenomics information is available, the token distribution model is not relevant to the halal assessment as the core business model itself raises concerns.
Crypto Impact
To assign a comfort level investing in Twin Protocol 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 Twin Protocol.
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.