ICPSwap Token
Crypto Overview
Overview
ICPSwap Token (ICS) is the native utility token of ICPSwap, a decentralized exchange (DEX) built on the Internet Computer Protocol (ICP) blockchain. The token was designed to facilitate governance, incentivize liquidity provision, and enable participation in the ICPSwap ecosystem.
Purpose and Utility
The primary purposes of ICS include: Governance rights for protocol decisions, rewards for liquidity providers, trading fee discounts, and participation in new token launches on the platform. These utilities represent real value transfer and asset ownership.
Business Model
ICPSwap operates as a decentralized exchange, generating revenue through trading fees and facilitating token swaps. The business model is transparent and focuses on legitimate exchange services rather than interest-bearing products or gambling activities.
Development and Adoption
The project shows ongoing development activity on the Internet Computer Protocol, with regular updates to the exchange platform. While adoption metrics are still modest compared to larger DEXes, this is not a concern from a Shariah compliance perspective.
Token Distribution
Token distribution includes allocations for the development team, ecosystem growth, and community incentives. While specific vesting details are not publicly available, the token serves clear utility purposes within the ecosystem.
Crypto Impact
To assign a comfort level investing in ICPSwap 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 ICPSwap 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.