ArbiDex Token
Crypto Overview
Overview
ArbiDex Token (ARX) is a decentralized exchange governance token operating on the Arbitrum network. It serves as the native token for the ArbiDex protocol, a decentralized exchange platform.
Purpose and Utility
The primary utility of ARX includes governance rights over the ArbiDex protocol, fee sharing with token holders, and providing liquidity incentives. Token holders can participate in protocol governance decisions and receive a share of trading fees generated on the platform.
Business Model Evaluation
The core business model revolves around decentralized exchange services, including spot trading and liquidity provision. The protocol does not involve interest-bearing products or gambling mechanisms. The fee-sharing model is based on actual trading activity and service provision, not interest-based lending.
Real-World Adoption and Development
ArbiDex has shown consistent development activity and maintains an active community on Arbitrum. The platform facilitates actual asset exchanges and maintains transparent operations. Development efforts focus on improving trading efficiency and user experience.
Token Distribution and Governance
The token distribution appears balanced between team, community, and ecosystem development. There are vesting schedules in place for team allocations, showing commitment to long-term development.
Crypto Impact
To assign a comfort level investing in ArbiDex Token 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 ArbiDex Token.
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.