Wing Finance

Halal Rating :
Questionable
Last Price $5.32 Last updated:
Rank 828
1D Change -6.25 %
Market Cap $25.03m
Circulating supply 4,701,670
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • Ontology Ecosystem
  • Binance Launchpool

Project Overview

Wing Finance is a decentralized credit platform built on the Ontology blockchain that later expanded to other networks including BNB Chain. The platform aims to facilitate lending and borrowing of digital assets using unique credit evaluation systems.

Intended Utility

Wing Finance's WING token serves as a governance token allowing holders to participate in protocol decisions and earn rewards from platform fees. The token also provides utility through staking mechanisms and collateral pools.

Actual Implementation and Usage

The platform currently operates primarily as a DeFi lending protocol where users can supply assets to earn yields and borrow against collateral. The WING token is actively used for governance voting and liquidity provision.

Token Distribution and Economic Model

Wing Finance maintains a transparent token distribution model with allocations spread across community incentives, development fund, and ecosystem growth. However, detailed information about founder holdings and vesting schedules is limited in recent documentation.

Development Activity

The project shows consistent development activity with regular updates to its protocol and expansion to multiple blockchain networks. The team maintains active communication through official channels and demonstrates ongoing technical progress.

Crypto Impact

To assign a comfort level investing in Wing Finance 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 Wing Finance.

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.

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Justification for our Halal Rating