HurricaneSwap Token
Crypto Overview
Purpose and Utility
HurricaneSwap Token (HCT) is the native token of HurricaneSwap, a decentralized exchange (DEX) built on the CoreDAO blockchain. The token serves multiple purposes within the ecosystem: it's used for governance, enabling holders to participate in protocol decisions; it provides trading fee discounts; and it can be staked to earn a share of the platform's revenue.
Business Model Analysis
The platform operates as a standard automated market maker (AMM) DEX, facilitating token swaps through liquidity pools. The business model is transparent and straightforward, generating revenue through trading fees. The core activities - token trading and liquidity provision - are permissible under Islamic finance principles as they involve actual asset exchange and value creation.
Real-World Adoption
As a relatively new protocol on CoreDAO, HurricaneSwap has shown moderate adoption within its ecosystem. The platform has maintained consistent trading volume and liquidity provision, though exact figures fluctuate.
Platform Development
The development team maintains regular updates to the protocol, with ongoing improvements to the trading interface and functionality. The project's GitHub repositories show consistent activity, indicating active maintenance and development.
Token Distribution
The token distribution includes allocations for the team and development fund, with vesting periods in place to prevent immediate selling. The majority of tokens are distributed through liquidity mining and community incentives.
Crypto Impact
To assign a comfort level investing in HurricaneSwap Token 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 HurricaneSwap Token.
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.