Axo
Crypto Overview
Project Overview
Axo (AXO) is a decentralized perpetual exchange protocol launched on December 14, 2023, allowing traders to swap, provide liquidity, and engage in perpetual trading. It is built on the Arbitrum blockchain and aims to provide decentralized perpetual trading with leverage.
Intended Use Cases
The primary intended use cases for AXO tokens are: 1) Governance rights over the Axo protocol, 2) Fee sharing for token holders, and 3) Trading incentives through liquidity mining programs.
Current Utility and Implementation
The platform currently operates as a decentralized exchange for perpetual futures trading. The AXO token is actively used for governance decisions and fee sharing. Token holders can participate in protocol governance and receive a portion of trading fees generated on the platform.
Development Activity
The project shows active development with regular updates to the protocol. The team maintains transparency through detailed documentation and community updates.
Token Distribution
The total supply of AXO is 42 million tokens, with allocations for the community (40%), treasury (30%), team (20%), and investors (10%). Team tokens are subject to a 4-year vesting period with a 1-year cliff.
Crypto Impact
To assign a comfort level investing in Axo 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 Axo.
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.