ASH
Crypto Overview
Purpose and Utility
ASH is a governance token for the AshSwap DEX protocol built on the MultiversX (formerly Elrond) blockchain. AshSwap is a decentralized exchange specializing in stable asset swaps. ASH token holders can participate in protocol governance through voting on proposals and platform parameters.
Business Model Evaluation
The primary utility of ASH revolves around governance rights and protocol fee sharing. Token holders can vote on key decisions affecting the DEX protocol and receive a portion of trading fees. The business model appears transparent and focused on legitimate DEX operations without involvement in prohibited activities.
Real-World Adoption
AshSwap has achieved notable adoption within the MultiversX ecosystem, facilitating stable asset swaps. The protocol has maintained consistent trading volumes and user activity since launch.
Development Activity
The project maintains active development with regular updates to the protocol. The team continues to expand features and optimize the platform's functionality.
Token Distribution
The token distribution includes allocations for the team, development fund, and community initiatives. Team tokens are subject to vesting periods to align long-term interests.
Crypto Impact
To assign a comfort level investing in ASH 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 ASH.
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.