sudoswap
Crypto Overview
Overview
Sudoswap is a decentralized NFT automated market maker (AMM) protocol that launched in July 2022. The SUDO token serves as the governance token for the sudoAMM protocol, which enables permissionless NFT liquidity pools and automated trading.
Purpose and Utility
The primary purpose of SUDO is to provide governance rights over the sudoAMM protocol. Token holders can vote on protocol parameters, fee structures, and other operational aspects. The protocol itself facilitates efficient NFT trading through automated liquidity pools, allowing users to trade NFTs without traditional order books.
Business Model
The protocol generates revenue through trading fees from NFT transactions. These fees are distributed to liquidity providers and the protocol treasury. The business model is transparent and based on facilitating legitimate asset exchange.
Real-World Adoption
The sudoAMM protocol has seen significant adoption in the NFT trading space, with substantial trading volume and active liquidity pools. The platform has integrated with major NFT marketplaces and maintains active development.
Token Distribution
30% of tokens were allocated to the team and investors with a 4-year vesting period, 30% to the treasury, and 40% to the community through various distribution mechanisms. The vesting schedule suggests a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in sudoswap 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 sudoswap.
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.