rhino.fi

Halal Rating :
Comfortable
Last Price $0.60 Last updated:
Rank 856
1D Change 0.00 %
Market Cap $14.56m
Circulating supply 24,147,148
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • Arbitrum Ecosystem
  • Spartan Group
  • OKEx Blockdream Ventures Portfolio

Project Overview

rhino.fi (formerly DeversiFi) is a Layer 2 decentralized exchange (DEX) built on Ethereum that aims to provide fast, low-cost trading while maintaining self-custody of funds. The DVF token is the platform's native token used for governance and fee discounts.

Purpose and Utility

The primary utility of DVF includes: Governance rights for protocol decisions, Fee discounts on trades executed on the platform, Staking rewards for providing liquidity.

Business Model Analysis

The core business model revolves around facilitating cryptocurrency trading in a decentralized manner, with users maintaining control of their assets. The platform generates revenue through trading fees, which is a legitimate form of business in Islamic finance as it involves the exchange of real assets with clear utility.

Platform Development and Adoption

The project shows active development on GitHub and regular platform updates. The team has maintained transparency about their development process and roadmap. The platform processes real trading volume, though modest compared to larger DEXs.

Token Distribution

The token distribution includes allocations for the team and early investors with standard vesting periods, which is typical for blockchain projects. There's no indication of concerning concentration of tokens that would suggest a scheme to enrich founders.

Crypto Impact

To assign a comfort level investing in rhino.fi 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 rhino.fi.

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