MakiSwap
Crypto Overview
Overview
MakiSwap is a decentralized exchange (DEX) built on the Huobi Eco Chain (HECO) network. It functions as an automated market maker (AMM) protocol allowing users to trade tokens and provide liquidity to trading pairs.
Purpose and Utility
The MAKI token serves as the protocol's governance token, allowing holders to participate in decision-making regarding the platform's development and parameters. It also functions as a means to incentivize liquidity providers through yield farming mechanisms.
Business Model
The platform generates revenue through trading fees on token swaps, with a portion of these fees distributed to liquidity providers. The core business model revolves around facilitating decentralized trading and liquidity provision.
Development Activity
Recent analysis shows limited development activity and community engagement. The project's GitHub repositories show minimal recent updates, suggesting a slowdown in technical development.
Token Distribution
The token distribution appears to follow standard DeFi protocol patterns, with allocations for liquidity mining, team, and ecosystem development. However, detailed information about vesting schedules and current token distribution is limited.
Platform Features
The platform offers standard AMM features including token swaps, liquidity provision, and yield farming opportunities. These core functionalities align with other major DEX platforms in the DeFi space.
Crypto Impact
To assign a comfort level investing in MakiSwap 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 MakiSwap.
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.