OraiDEX
Crypto Overview
Overview
OraiDEX is a decentralized exchange (DEX) protocol built on the Oraichain network. The ORAIX token serves as the protocol's governance and utility token.
Purpose and Utility
The primary intended purpose of ORAIX is to facilitate governance of the OraiDEX protocol and provide utility within its ecosystem. Token holders can participate in governance decisions regarding protocol parameters and development directions. Additionally, ORAIX can be used for fee reductions on the DEX platform.
Business Model Analysis
The business model centers around providing decentralized exchange services, with ORAIX serving as both a governance mechanism and utility token. The core functions align with halal principles as they involve actual asset exchange and value creation through the provision of trading infrastructure.
Real-World Adoption
OraiDEX has seen moderate adoption within the Oraichain ecosystem. The platform facilitates actual trading of digital assets, with users having real ownership of their tokens and genuine utility being transferred.
Development Activity
The project maintains active development, with regular updates to the protocol and integration of new features. The development team continues to work on expanding the platform's capabilities and improving its infrastructure.
Token Distribution
While detailed token distribution data is limited, the project implements standard vesting schedules for team allocations, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in OraiDEX 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 OraiDEX.
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.