SmarDex
Crypto Overview
Project Overview
SmarDex is a decentralized exchange (DEX) protocol built on the BNB Chain and Arbitrum networks. It functions as an Automated Market Maker (AMM) with unique features designed to provide better trading conditions and reduced impermanent loss for liquidity providers.
Intended Utility
The SDEX token serves multiple purposes within the SmarDex ecosystem: governance rights allowing holders to participate in protocol decisions, revenue sharing where token holders receive a portion of trading fees, and staking capabilities that enhance platform participation.
Actual Usage and Adoption
The protocol demonstrates active usage with significant trading volume and liquidity provision. On-chain data shows regular trading activity and liquidity provider participation across both supported networks. The platform has implemented multiple successful governance proposals, indicating active community involvement.
Token Distribution and Founder Alignment
The token distribution appears relatively balanced with: 40% allocated to the community and future ecosystem development, 25% for liquidity mining incentives, 20% for the team and advisors (with vesting periods), and 15% for early supporters. The team tokens are subject to a 2-year vesting period with a 6-month cliff, suggesting long-term commitment.
Development Activity
The project maintains active development with regular updates to the protocol. The team consistently delivers on their roadmap items and maintains transparent communication through their official channels. Smart contract audits have been performed by reputable firms.
Revenue Model Analysis
The platform generates revenue through trading fees (0.3% per trade), which are distributed between liquidity providers and SDEX stakers. This model aligns with Islamic finance principles as it represents legitimate compensation for service provision rather than interest-based returns.
Crypto Impact
To assign a comfort level investing in SmarDex 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 SmarDex.
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.