Ordiswap
Crypto Overview
Overview
Ordiswap is a decentralized exchange (DEX) built on Bitcoin Ordinals, launched in 2024. The project aims to facilitate trading of BRC-20 tokens on the Bitcoin network through their ORDS governance token.
Purpose and Utility
The primary stated purpose of ORDS is to serve as a governance token for the Ordiswap DEX platform, allowing holders to participate in protocol decisions. The token also provides utility through fee sharing from DEX trading activity.
Business Model Analysis
The core business model revolves around providing decentralized trading infrastructure for Bitcoin-based tokens, with revenue generated from trading fees. This model itself does not conflict with Islamic principles as it facilitates legitimate asset exchange.
Development and Adoption
The project is in its early stages with ongoing development of the DEX platform. While trading volume and user adoption metrics are still limited, this is typical for new projects and not a concern from a Sharia compliance perspective.
Token Distribution
The token distribution includes allocations for liquidity, team, development, and community initiatives. While specific vesting details are not fully public, this structure is common for governance tokens.
Sharia Considerations
The primary functions of ORDS - governance and fee sharing from legitimate trading activity - are permissible under Islamic principles. The DEX platform facilitates actual asset exchange rather than zero-sum gambling activities.
Crypto Impact
To assign a comfort level investing in Ordiswap 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 Ordiswap.
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.