AdaSwap
Crypto Overview
Overview
AdaSwap is a decentralized exchange (DEX) protocol built on the Cardano blockchain. The ASW token serves as the native utility token for the AdaSwap ecosystem.
Purpose and Utility
AdaSwap aims to provide decentralized exchange services on the Cardano network, allowing users to trade ADA and Cardano-native tokens. The ASW token is designed to provide governance rights and utility within the AdaSwap ecosystem, including reduced trading fees and participation in protocol decisions.
Business Model Evaluation
The core business model involves facilitating token exchanges on the Cardano network. The protocol earns fees from trading activities, which is a legitimate form of commerce in Islamic finance as it involves the exchange of real assets and provides a valuable service.
Development and Adoption
Current development activity appears to be limited, with minimal recent updates to the platform. The project's social media channels and community engagement have shown low activity levels in recent months. While the project launched with significant attention, actual adoption and usage metrics remain modest.
Token Distribution
The token distribution includes allocations for the team, development, and community. Specific details about vesting schedules and lock-up periods are not publicly available in recent documentation.
Crypto Impact
To assign a comfort level investing in AdaSwap 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 AdaSwap.
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.