Blueshift
Crypto Overview
Project Overview
Blueshift is a decentralized exchange (DEX) built on the Cardano blockchain that aims to provide automated market making (AMM) with concentrated liquidity features. The BLUES token serves as both a governance token and a means to share protocol revenues with token holders.
Purpose and Utility
The primary utility of BLUES tokens includes: Governance rights for protocol decisions, Revenue sharing from protocol fees, Staking rewards for providing liquidity.
Business Model Assessment
The core business model revolves around facilitating decentralized trading on Cardano with innovative AMM features. The exchange collects trading fees which are partially distributed to BLUES holders. This model appears transparent and focused on legitimate exchange services.
Development and Adoption
The project maintains active development on Github and has launched its core DEX functionality on Cardano. While adoption metrics are still developing given its relatively early stage, the platform shows regular trading activity.
Token Distribution
The token distribution appears reasonably balanced between team, development fund, and public allocation. Team tokens have vesting periods implemented to align long-term incentives.
Crypto Impact
To assign a comfort level investing in Blueshift 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 Blueshift.
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.