AnimeSwap
Crypto Overview
Overview
AnimeSwap is a decentralized exchange (DEX) built on the Aptos blockchain that launched in late 2022. The ANI token serves as the protocol's governance and utility token.
Purpose and Utility
The ANI token's primary purposes are: 1) Governance rights for the AnimeSwap protocol, allowing holders to vote on protocol decisions 2) Staking rewards for liquidity providers 3) Trading fee discounts on the AnimeSwap DEX.
Business Model
The protocol generates revenue through trading fees on its decentralized exchange. The business model focuses on facilitating peer-to-peer trading of digital assets in a decentralized manner. The core exchange functionality does not involve interest-bearing products or gambling mechanisms.
Real-World Adoption
AnimeSwap has achieved notable adoption within the Aptos ecosystem as one of the main DEXes on the network. The protocol maintains active trading volumes and liquidity pools, demonstrating legitimate usage for its intended purpose of facilitating decentralized trading.
Development Activity
The project maintains active development with regular updates to the protocol. The team continues to expand features and optimize the trading experience while maintaining transparency in their development process.
Token Distribution
Initial token distribution included allocations for the team and early investors with standard vesting periods to align long-term incentives. The majority of tokens are distributed to the community through liquidity mining and other ecosystem incentives.
Crypto Impact
To assign a comfort level investing in AnimeSwap 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 AnimeSwap.
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.