Duckies, the canary network for Yellow
Crypto Overview
Purpose and Utility
Duckies is the canary network token for Yellow, a cross-chain decentralized trading platform. As a canary network, Duckies serves as a testing ground for features before they are implemented on Yellow's mainnet. The token has utility within the Yellow ecosystem for governance, testing new features, and participating in the platform's development.
Business Model
The business model revolves around facilitating decentralized trading and cross-chain operations. The platform aims to provide legitimate trading services while maintaining transparency and avoiding impermissible activities. The core functionality focuses on asset exchange and platform governance, which are permissible activities under Islamic finance principles.
Real-World Adoption
Duckies is currently in its early stages, with adoption primarily focused on testing features for the Yellow ecosystem. While usage is limited, this is expected for a canary network token and does not impact its halal status.
Platform Development
The project shows ongoing development activity as part of the broader Yellow ecosystem. Development efforts are focused on testing and implementing trading features, cross-chain functionality, and governance mechanisms.
Token Distribution
Token distribution information is transparently provided through the project's documentation. The project maintains clear vesting schedules for team allocations.
Technology and Revenue Model
The primary technology focuses on facilitating asset exchange and platform governance. The revenue model is based on legitimate trading activities and does not rely on interest-based mechanisms or gambling.
Crypto Impact
To assign a comfort level investing in Duckies, the canary network for Yellow 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 Duckies, the canary network for Yellow.
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.