Hadeswap
Crypto Overview
Overview
Hadeswap is a decentralized NFT trading protocol built on the Solana blockchain. It functions as an automated market maker (AMM) specifically designed for NFT trading, allowing users to create liquidity pools for NFT collections and facilitate peer-to-peer trading.
Purpose and Utility
The primary purpose of HADES token is to serve as a governance token for the Hadeswap protocol, enabling holders to participate in decision-making processes regarding protocol updates and changes. The token also provides trading fee discounts and revenue sharing from protocol fees to token holders.
Business Model Analysis
The protocol generates revenue through trading fees on NFT transactions. This model involves the actual exchange of digital assets (NFTs) and provides clear utility through its AMM functionality. The protocol does not engage in interest-bearing activities or gambling.
Platform Development and Adoption
Hadeswap has demonstrated consistent development activity on Solana, with regular updates to its protocol. The platform has processed significant NFT trading volume, indicating genuine adoption within the Solana NFT ecosystem.
Token Distribution and Governance
The HADES token serves a legitimate governance purpose, with token holders having actual voting rights on protocol decisions. While detailed token distribution data is limited, the protocol's focus on NFT trading infrastructure represents a legitimate use case.
Crypto Impact
To assign a comfort level investing in Hadeswap 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 Hadeswap.
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.