MilkshakeSwap
Crypto Overview
Project Overview
MilkshakeSwap is a decentralized exchange (DEX) protocol that operates on multiple blockchain networks. The MILK token serves as the platform's native governance and utility token.
Purpose and Utility
The intended purpose of MILK is to facilitate governance of the MilkshakeSwap protocol, provide trading fee discounts, and enable participation in the platform's development decisions. Token holders can vote on protocol upgrades and parameter changes.
Business Model Assessment
The platform operates as a standard DEX, allowing users to trade cryptocurrencies directly from their wallets without intermediaries. The primary revenue model comes from trading fees, which is a legitimate business model under Islamic finance principles as it involves actual exchange of assets and clear value provision.
Development and Adoption
The project shows regular development activity on their GitHub repository, with ongoing updates to the protocol. While adoption metrics are modest compared to larger DEXs, there is verifiable trading volume and active users on the platform.
Token Distribution
The token distribution shows a relatively balanced allocation, with approximately 40% reserved for community incentives, 30% for the treasury, 20% for the team (with a 2-year vesting period), and 10% for initial liquidity.
Analysis of Operation
The core DEX functionality aligns with halal principles as it facilitates actual asset exchange and provides clear utility. The platform does not engage in interest-bearing activities or gambling mechanisms. All trades represent actual ownership transfer of digital assets.
Crypto Impact
To assign a comfort level investing in MilkshakeSwap 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 MilkshakeSwap.
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.