SokuSwap
Crypto Overview
Project Overview
SokuSwap is a decentralized exchange (DEX) platform operating across multiple blockchains including Ethereum and Binance Smart Chain. The SOKU token serves as the native utility token of the ecosystem, used for governance, staking, and fee sharing.
Core Utility
The primary utilities of SOKU include: Governance rights for protocol decisions, staking rewards from platform revenues, and reduced trading fees on the SokuSwap DEX.
Business Model Analysis
The platform generates revenue through trading fees on the decentralized exchange, which aligns with Islamic principles as it represents actual value exchange and service provision. The core DEX functionality enables direct peer-to-peer trading of digital assets.
Development & Adoption
While the project maintains an active development presence, current adoption and trading volumes remain relatively modest compared to larger DEX platforms. The team continues to release updates and maintain the platform infrastructure.
Token Distribution
Initial token distribution included allocations for the team and early investors with standard vesting periods to prevent immediate selling. The majority of tokens were distributed to the community through various mechanisms including liquidity mining and community rewards.
Crypto Impact
To assign a comfort level investing in SokuSwap 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 SokuSwap.
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.