WeStarter
Crypto Overview
Project Overview
WeStarter is a decentralized launchpad platform built on multiple blockchains including Binance Smart Chain, Huobi ECO Chain, and OKExChain. The platform's native token WAR is used for governance and participation in token launches.
Purpose and Utility
The primary stated purpose of WAR token is to provide holders with voting rights and the ability to participate in Initial DEX Offerings (IDOs) launched through the WeStarter platform. Token holders can stake WAR to gain allocation rights in new project launches.
Business Model Evaluation
The platform's core business model revolves around facilitating new token launches and providing a decentralized fundraising mechanism for blockchain projects. This model inherently involves the exchange of real assets and creation of utility through governance rights.
Platform Activity and Development
While the platform launched with significant attention in 2021, current development activity appears to be minimal based on public GitHub repositories. The platform has hosted several IDOs, though recent activity levels have decreased substantially.
Token Distribution
The initial token distribution included allocations for team members, advisors, and early investors with standard vesting periods. The exact current distribution of tokens is not publicly verifiable due to limited transparency in recent reporting.
Crypto Impact
To assign a comfort level investing in WeStarter 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 WeStarter.
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.