Integral
Crypto Overview
Overview
Integral is a decentralized exchange (DEX) protocol that aims to address liquidity fragmentation and inefficient price discovery in DeFi. The ITGR token serves as the protocol's governance token and provides utility within the ecosystem.
Purpose and Utility
The primary purpose of ITGR is to serve as a governance token for the Integral protocol, allowing holders to participate in decision-making regarding protocol parameters and development. Token holders can also stake ITGR to earn a portion of the protocol's trading fees.
Business Model Evaluation
The protocol operates as a decentralized exchange that facilitates token swaps and provides liquidity. The business model appears transparent and focused on legitimate exchange services. The underlying technology does not involve interest-bearing mechanisms or impermissible activities.
Real-World Adoption
While the protocol shows moderate trading volume and liquidity provision, adoption remains relatively limited. However, this is not a concern from a Shariah compliance perspective as the fundamental utility is present.
Development Activity
The project maintains active development with regular updates to the protocol. The team consistently implements improvements to the trading infrastructure and governance mechanisms.
Token Distribution
The token distribution includes allocations for the team and early investors with standard vesting periods, which is typical for governance tokens. There are no concerning patterns in the distribution that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Integral 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 Integral.
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.