With respect to this particular network, if the staking rewards you gain comes from a portion of the circulating supply of the launchpad (18% of it) and they distribute it amongst the holders (the amount you gain is based upon the amount staked) is that permissible? I don’t know why they use the term ‘staking’ when it’s not necessarily staking because its not validating or help secure the network(creating nodes). So literally the purpose of this so-called ‘staking’ is an incentive to receive more IDO allocations in the future and bonus staking rewards.
Could I please have an answer for this.
Also as a side note, I believe there’s a bit of miscommunication of language on their behalf when they use the term ‘staking’ and it’s causing confusion, they also use the term ‘lottery’ when it’s clearly not a lottery, there is no purchasing of tickets and hoping to gain more money etc.
May Allah be pleased with all of you.