Marginswap
Crypto Overview
Purpose and Utility
MarginSwap (MFI) was designed as a governance token for a decentralized margin trading protocol. The project aimed to provide decentralized leveraged trading facilities on the Ethereum network.
Business Model Assessment
The protocol was intended to facilitate margin trading through smart contracts, with the MFI token used for governance and fee sharing. The project appears to have been discontinued, with no active development or usage since 2021.
Real-World Adoption
Currently shows no meaningful adoption or active usage. The project's social media accounts and official communications have been inactive since 2021.
Platform Development
The GitHub repository shows no recent commits or development activity. The project appears to be abandoned.
Token Distribution and Governance
Historical data shows the token was distributed through an initial DEX offering (IDO). Due to the project's inactive status, current token distribution details are not meaningful to analyze.
Crypto Impact
To assign a comfort level investing in Marginswap 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 Marginswap.
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.