Ramses Exchange
Crypto Overview
Project Overview
Ramses Exchange (RAM) is a decentralized exchange protocol built on the Arbitrum network. The project launched in January 2024 and aims to provide decentralized trading services with features including spot trading, perpetual futures, and a governance system.
Intended Purpose & Utility
RAM tokens serve multiple functions within the Ramses ecosystem: governance rights for protocol decisions, fee sharing from trading activities, and incentivizing liquidity provision. Token holders can participate in protocol governance and receive a portion of trading fees generated on the platform.
Platform Activity & Development
The protocol has shown significant early adoption with over $140 million in Total Value Locked (TVL) as of February 2024. The development team maintains regular updates and improvements to the platform infrastructure.
Token Distribution
The initial token distribution allocated: 30% to the team and advisors (vested over 2 years), 25% for liquidity mining incentives, 20% for the treasury, 15% for early investors (vested over 18 months), and 10% for community initiatives.
Core Features
The platform offers spot trading between various cryptocurrency pairs, perpetual futures trading with leverage, and liquidity provision opportunities. The perpetual futures trading aspect raises some concerns from a Shariah perspective as it involves leverage and can be used for gambling-like speculation.
Crypto Impact
To assign a comfort level investing in Ramses Exchange 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 Ramses Exchange.
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.