Vela Exchange
Crypto Overview
Purpose and Utility
Vela Exchange is a decentralized derivatives trading platform that allows users to trade perpetual futures contracts. The VELA token serves as the platform's native token for governance, fee discounts, and revenue sharing.
Business Model
The platform generates revenue through trading fees. Users who hold VELA tokens can participate in governance decisions and receive a share of the platform's revenue. The core business model revolves around leveraged trading of cryptocurrency derivatives.
Real-World Adoption
The platform has achieved some adoption among crypto traders, though exact usage statistics are difficult to verify. The platform operates on the Arbitrum network to provide lower fees and faster transactions.
Development Activity
The project maintains active development, with regular updates to the trading platform and protocol. The team consistently releases new features and improvements to the trading interface.
Token Distribution
The token distribution includes allocations for the team, early investors, and community treasury. Specific vesting schedules are in place for team and investor tokens to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Vela Exchange 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 Vela Exchange.
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.