PaintSwap
Crypto Overview
Overview
PaintSwap is a decentralized exchange (DEX) and NFT marketplace built on the Fantom blockchain. The BRUSH token serves as the platform's native utility token, used for governance, staking, and fee sharing.
Purpose and Utility
The primary purpose of BRUSH is to facilitate the operation of the PaintSwap ecosystem, which includes NFT trading, token swapping, and yield farming. Token holders can stake BRUSH to earn a share of platform fees and participate in governance decisions.
Business Model Assessment
The platform generates revenue through trading fees from both DEX operations and NFT marketplace transactions. The fee structure is transparent and clearly documented. The platform does not engage in interest-bearing activities or explicitly prohibited industries.
Real-World Adoption
PaintSwap maintains active trading volumes on the Fantom network, with regular NFT trading activity and token swaps occurring on the platform. The ecosystem includes NFT collections and active liquidity pools.
Platform Development
The project maintains regular development activity, with updates to the protocol and user interface. The team continues to implement new features and improvements to the platform's functionality.
Token Distribution
The token distribution includes allocations for the team and development fund, with transparent vesting schedules. The project maintains clear documentation of token allocations and uses.
Crypto Impact
To assign a comfort level investing in PaintSwap 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 PaintSwap.
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.