yieldwatch
Crypto Overview
Project Overview
YieldWatch is a DeFi portfolio tracking tool designed for the Binance Smart Chain (BSC) ecosystem. The WATCH token serves as a utility token within the YieldWatch platform, providing premium features and governance rights to token holders.
Intended Purpose
The primary purpose of WATCH is to provide access to advanced portfolio tracking features on the YieldWatch platform. Token holders can access premium dashboard features, including real-time yield farming analytics, impermanent loss calculations, and portfolio performance tracking.
Business Model Analysis
The business model centers around providing valuable DeFi analytics services, with the WATCH token acting as an access key to premium features. This model is transparent and doesn't involve any inherently prohibited activities like interest-based lending or gambling.
Platform Development and Adoption
The project appears to have limited recent development activity, with the last significant updates occurring in late 2021. While the platform still functions, user adoption has decreased significantly since its peak during the DeFi boom.
Token Distribution
The token distribution includes allocations for the team, development, and community. While specific vesting details are not publicly available, the token distribution structure appears standard for utility tokens in the space.
Crypto Impact
To assign a comfort level investing in yieldwatch 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 yieldwatch.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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