Wing Finance

Halal Rating :
Questionable
Last Price $5.99 Last updated:
Rank 791
1D Change -1.81 %
Market Cap $25.64m
Circulating supply 4,279,814
Maximum supply 5,404,488

Crypto Overview

Categories
  • DeFi
  • Ontology Ecosystem
  • Binance Launchpool

Wing Finance is a decentralized finance (DeFi) platform built by the team behind Ontology that supports cross-chain interactions between various protocols. The Wing team created an innovative credit valuation method designed to support its credit-based lending and to increase transparency. The project aims to create a fair and synergistic relationship between borrowers, creditors, and guarantors through decentralized governance and its own risk control mechanism – which opens doors to a larger range of DeFi projects accessible and implemented on the platform. Wing is a decentralized autonomous organization (DAO) that allows users to participate in decision-making, product design, and operations.

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.

You can change your vote if you change your mind.

Justification for our Halal Rating