Polkadex
Crypto Overview
Project Overview
Polkadex is a decentralized exchange (DEX) built on Substrate framework, designed to combine the benefits of centralized exchanges' user experience with decentralized exchanges' security features. The project aims to provide an orderbook-based trading platform with high throughput and low latency.
Purpose and Utility
The PDEX token serves multiple functions within the Polkadex ecosystem: It's used for governance voting, staking to secure the network through Nominated Proof of Stake (NPoS), and paying transaction fees on the platform. Node operators must stake PDEX to run validator nodes.
Business Model Analysis
The core business model revolves around providing decentralized trading infrastructure. The platform facilitates actual asset exchange between parties, with clear utility through its trading, staking, and governance mechanisms. Trading activities involve real asset ownership and transfer.
Development and Adoption
Polkadex maintains active development, with regular GitHub commits and ecosystem updates. The project has launched its mainnet and continues to develop additional features like Polkadex Orderbook and Thea wallet. While adoption remains in early stages, this doesn't impact its sharia compliance assessment.
Token Distribution
The total supply of PDEX is 20 million tokens. The distribution includes allocations for team members and early investors with standard vesting periods, which is typical for blockchain projects and doesn't indicate concerning patterns.
Crypto Impact
To assign a comfort level investing in Polkadex 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 Polkadex.
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.