AirSwap
Crypto Overview
Overview
AirSwap (AST) is a decentralized exchange protocol built on the Ethereum blockchain that facilitates peer-to-peer trading of tokens. The AST token serves as a governance and utility token within the AirSwap ecosystem.
Intended Utility
The primary purpose of AST is to enable decentralized trading without order books, instead using a peer-to-peer model where makers and takers are matched through an indexer network. Token holders can stake AST to run indexer nodes, participate in governance decisions, and access premium features of the protocol.
Actual Utility and Adoption
The protocol demonstrates active usage for its intended purpose, with consistent trading volume and regular protocol updates. The development team maintains an active GitHub repository with regular commits, indicating ongoing technical development. The platform has successfully facilitated numerous peer-to-peer trades, staying true to its core mission.
Token Distribution and Governance
The token distribution appears reasonably balanced, with no concerning concentration among founders or early investors. There are established vesting schedules for team allocations, and the project demonstrates transparency in its tokenomics. The development team has consistently prioritized technical development over marketing activities.
Revenue Model and Operations
AirSwap operates on a fee-free model for basic trades, with optional fees for premium services. The protocol does not involve interest-bearing mechanisms or lending facilities, avoiding riba-related concerns. The platform focuses purely on facilitating token exchanges without engaging in prohibited activities.
Crypto Impact
To assign a comfort level investing in AirSwap 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 AirSwap.
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.