GIBX Swap
Crypto Overview
Purpose and Intended Use
GIBX Swap (X) was created as a decentralized exchange (DEX) platform that aims to facilitate token swaps and liquidity provision on multiple blockchains. The project claims to offer cross-chain trading capabilities.
Business Model Analysis
The platform operates as a decentralized exchange where users can trade tokens and provide liquidity. The business model appears to be based on collecting trading fees and distributing them to liquidity providers. This basic model aligns with halal principles as it involves actual asset exchange and value creation through market making.
Real-World Adoption and Development Activity
Current on-chain data shows limited adoption and trading volume. The development activity appears minimal, with few recent updates to the platform's infrastructure.
Token Distribution and Governance
Information about token distribution and vesting schedules is not readily available, which creates some transparency concerns. However, this lack of transparency alone does not make the token haram.
Technology and Revenue Model
The core technology follows standard DEX protocols, facilitating direct peer-to-peer trading of cryptocurrencies. The revenue model is based on trading fees, which is permissible as it involves actual service provision and asset exchange.
Crypto Impact
To assign a comfort level investing in GIBX Swap 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 GIBX Swap.
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.