Koi Finance
Crypto Overview
Purpose and Utility
Koi Finance is a decentralized finance (DeFi) protocol built on the Merlin Chain. The project aims to provide decentralized exchange services and liquidity provision mechanisms through its KOI token.
Business Model Analysis
The platform operates primarily as a decentralized exchange and liquidity provision service. The KOI token serves as both a governance token and a means to participate in the platform's ecosystem.
Real-World Adoption
The project appears to have limited adoption at this time, with most activity concentrated within its own ecosystem on the Merlin Chain. Trading volume and liquidity metrics indicate the project is in its early stages.
Development Activity
Development activity appears to be ongoing, though limited public information is available about the development team and their roadmap. The project maintains basic documentation and community engagement through social media channels.
Token Distribution
Detailed information about the token distribution and vesting schedules is not readily available in public documentation. This lack of transparency raises some concerns, though it doesn't automatically indicate non-compliance with Shariah principles.
Revenue Model and Technology
The protocol generates revenue through trading fees and liquidity provision, which in principle does not violate Islamic financial principles as it involves the exchange of actual assets and provides genuine utility to users.
Crypto Impact
To assign a comfort level investing in Koi Finance 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 Koi Finance.
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.