Wise Token
Crypto Overview
Overview
Wise Token (WISE) is an ERC-20 token on the Ethereum blockchain launched in 2020. It was designed as a decentralized staking platform that allows users to lock their tokens for rewards. The project claims to be a trustless and fair-launched cryptocurrency with no pre-mine or founder allocation.
Purpose and Utility
The primary utility of WISE is its staking mechanism, where users can lock their tokens for periods ranging from 1 day to 15,555 days (approximately 42.6 years) to earn more WISE tokens. The project emphasizes its 'fair launch' approach, where all tokens were initially distributed through a fair launch mechanism.
Business Model Assessment
The WISE staking system operates through smart contracts that automatically distribute rewards to stakers. The platform does not involve traditional lending or borrowing mechanisms. Instead, it uses a staking system where rewards come from token inflation and fees from early stake-ending penalties.
Real-World Adoption
The token has maintained active development and community engagement since its launch. On-chain data shows consistent staking activity, though precise numbers fluctuate. The project maintains transparency through its open-source code and publicly viewable smart contracts.
Development Activity
The project maintains regular updates and has an active GitHub repository. The team continues to work on platform improvements and has implemented several protocol upgrades since launch.
Token Distribution
WISE launched with no pre-mine, no founder allocation, and no team tokens. All tokens were distributed through a fair launch mechanism, which aligns with principles of fairness and transparency.
Crypto Impact
To assign a comfort level investing in Wise Token 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 Wise Token.
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.
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