AirSwap
Crypto Overview
Overview
AirSwap (AST) is a decentralized trading protocol built on the Ethereum blockchain that facilitates peer-to-peer trading of ERC-20 tokens. The platform aims to provide a secure, private, and efficient way to trade tokens without relying on traditional order books or centralized intermediaries.
Intended Utility
The AST token serves multiple purposes within the AirSwap ecosystem: It enables protocol governance, allowing holders to participate in decision-making regarding protocol upgrades and parameters. It also serves as a staking mechanism for market makers who provide liquidity to the network.
Actual Utility and Adoption
The platform has demonstrated consistent usage since its launch, with regular trading volume and active market makers. The protocol has integrated with various DeFi platforms and maintains active development, as evidenced by regular GitHub commits and protocol upgrades.
Token Distribution and Governance
The token distribution appears relatively balanced, with no concerning concentration among founders or early investors. There are established vesting schedules for team allocations, and the governance mechanism is actively used by the community for protocol decisions.
Technology and Revenue Model
AirSwap's peer-to-peer trading mechanism aligns with Islamic principles as it facilitates direct exchange of assets without involving interest-bearing mechanisms. The protocol generates revenue through trading fees, which represent legitimate compensation for the service provided.
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.