Quickswap [New]
Crypto Overview
Purpose and Utility
QuickSwap [New] is the governance token for QuickSwap, a decentralized exchange (DEX) built on Polygon's network. The token grants holders governance rights over the protocol and a share of trading fees when staked.
Business Model
QuickSwap operates as a decentralized exchange facilitating token swaps and liquidity provision. The platform generates revenue through trading fees, with a portion distributed to QUICK token stakers. The business model is transparent and based on facilitating legitimate trade of digital assets.
Real-World Adoption
QuickSwap has established itself as one of the leading DEXs on Polygon, with significant daily trading volume and active liquidity providers. The platform maintains partnerships within the Polygon ecosystem and consistently ranks among the top DEXs by volume on the network.
Platform Development
The project demonstrates ongoing development activity with regular updates to the protocol. The team maintains active communication channels and continues to implement platform improvements and new features.
Token Distribution
The token distribution appears reasonable with mechanisms in place for fair distribution through liquidity mining and governance participation. The project maintains transparency regarding token allocation and vesting schedules.
Crypto Impact
To assign a comfort level investing in Quickswap [New] 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 Quickswap [New].
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.