Netswap
Crypto Overview
Overview
Netswap is a decentralized exchange (DEX) built on the Metis Andromeda network. The NETT token serves as the platform's governance and utility token, allowing holders to participate in protocol decisions and earn rewards through staking.
Purpose and Utility
The primary intended purpose of NETT is to facilitate decentralized trading on the Metis network, provide liquidity incentives, and enable community governance. The token is actively used for these purposes within the Netswap ecosystem.
Business Model
The protocol generates revenue through trading fees on the DEX platform. The business model is transparent and straightforward, primarily focused on facilitating asset exchange. While the protocol includes staking mechanisms, these function as operational infrastructure rather than interest-bearing products.
Real-World Adoption
Netswap has established itself as one of the primary DEXes on Metis, with active trading volumes and liquidity provision. The platform maintains regular development activity and community engagement.
Token Distribution
The token distribution includes allocations for liquidity mining, team, and ecosystem development. Team tokens are subject to vesting schedules to align long-term incentives.
Crypto Impact
To assign a comfort level investing in Netswap 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 Netswap.
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.