KnightSwap
Crypto Overview
Overview
KnightSwap is a decentralized exchange (DEX) built on the BNB Chain (formerly Binance Smart Chain), featuring an automated market maker (AMM) protocol. It allows users to swap tokens, provide liquidity, and participate in yield farming.
Purpose and Utility
KnightSwap's KNIGHT token serves multiple purposes within its ecosystem: governance rights allowing holders to vote on protocol changes, revenue sharing from platform fees, and incentivizing liquidity provision through yield farming rewards.
Business Model
The platform generates revenue through trading fees (0.2% per trade), with a portion distributed to liquidity providers and KNIGHT token holders. The core business model revolves around facilitating decentralized trading and liquidity provision.
Development and Adoption
While the platform maintains basic functionality, development activity appears limited based on public GitHub repositories. The project has a relatively small user base compared to major DEXes on BNB Chain.
Token Distribution
The exact token distribution metrics are not publicly available in detail, which reduces transparency but doesn't inherently make the project non-compliant from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in KnightSwap 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 KnightSwap.
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.