O3 Swap
Crypto Overview
Purpose and Utility
O3 Swap is a cross-chain aggregator protocol that aims to enable users to exchange tokens across different blockchain networks seamlessly. The O3 token serves as the platform's governance token and is used for paying transaction fees within the ecosystem.
Business Model
The protocol aggregates liquidity from various decentralized exchanges and facilitates cross-chain token swaps. The business model appears transparent and focused on legitimate trading activity. O3 Swap currently supports multiple chains including Ethereum, BSC, Neo, and Polygon.
Real-World Adoption
The protocol has demonstrated consistent usage for cross-chain swaps, though volume remains moderate. It has established partnerships with various blockchain networks and DEXes to enhance liquidity and trading options.
Platform Development
Development activity appears ongoing with regular updates to the protocol and expansion to new chains. The team maintains an active GitHub repository and continues to implement technical improvements.
Token Distribution
The token distribution includes allocations for the team and early investors with standard vesting periods. While detailed tokenomics are available, specific percentages of founder holdings are not prominently disclosed.
Crypto Impact
To assign a comfort level investing in O3 Swap 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 O3 Swap.
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.