CrowdSwap
Crypto Overview
Purpose and Utility
CrowdSwap is a DeFi aggregation platform that aims to simplify cryptocurrency trading across multiple blockchains. The CROWD token serves as the platform's native utility token, used for governance, staking, and fee reductions within the CrowdSwap ecosystem.
Business Model Analysis
The platform aggregates liquidity from various DEXs and bridges to find the best trading routes for users. The business model is based on collecting small fees from trades, which is a legitimate form of commerce in Islamic finance. The core service of facilitating asset exchange aligns with halal principles as it involves real asset transfers and provides genuine utility.
Real-World Adoption
CrowdSwap operates on multiple networks including Ethereum, BNB Chain, Polygon, and Avalanche. The platform shows active usage for cross-chain swaps, though volume remains moderate compared to larger DEX aggregators.
Development Activity
The project maintains regular development activity with continuous updates to their platform and smart contracts. The team regularly releases updates and improvements to the protocol's functionality.
Token Distribution and Governance
CROWD tokens are distributed across community members, team, and treasury. Team tokens have vesting schedules to align long-term incentives. The token serves legitimate utility purposes within the ecosystem through governance and fee reductions.
Crypto Impact
To assign a comfort level investing in CrowdSwap 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 CrowdSwap.
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.