QiSwap
Crypto Overview
Overview
QiSwap is a decentralized exchange (DEX) protocol built on the Qtum blockchain. The QI token serves as the platform's governance and utility token, allowing holders to participate in protocol decisions and receive rewards from trading fees.
Purpose and Utility
The primary purpose of QI is to facilitate decentralized trading on the Qtum blockchain while providing governance rights to token holders. QI token holders can participate in platform governance decisions and earn a share of trading fees when providing liquidity.
Business Model Analysis
The platform operates as a decentralized exchange, enabling peer-to-peer trading of cryptocurrencies without intermediaries. The business model is based on collecting trading fees, which are partially distributed to liquidity providers and QI token holders.
Development and Adoption
QiSwap shows ongoing development activity on its GitHub repository, though with relatively modest adoption compared to larger DEXs. The platform maintains regular updates and improvements to its protocol.
Token Distribution
The QI token distribution includes allocations for liquidity mining, development fund, and community initiatives. Detailed vesting schedules are in place for team allocations to prevent immediate selling pressure.
Revenue Model
The protocol generates revenue through trading fees, with a portion distributed to liquidity providers and token holders. This model aligns with Islamic finance principles as it represents actual value exchange and profit-sharing rather than interest-based returns.
Crypto Impact
To assign a comfort level investing in QiSwap 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 QiSwap.
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.