Suinami
Crypto Overview
Overview
Suinami (NAMI) is a cryptocurrency built on the Sui blockchain that aims to provide a decentralized exchange (DEX) and trading platform specifically for the Sui ecosystem. The project launched in late 2023.
Purpose and Utility
The stated purpose of NAMI is to serve as a utility token for the Suinami DEX platform, enabling trading, liquidity provision, and governance functionalities. The token is actively being used for its intended purposes within the Sui ecosystem.
Business Model
The core business model revolves around decentralized trading and exchange services. The platform generates revenue through trading fees, which are distributed to liquidity providers and token holders. This model aligns with Islamic principles as it involves the actual exchange of assets and value creation through facilitating trade.
Real-World Adoption
The project has achieved notable adoption within the Sui ecosystem, with active trading volumes and liquidity provision. The DEX platform is operational and being utilized by the community for legitimate trading activities.
Development Activity
The development team maintains regular updates to the platform and protocol. The project has an active GitHub repository with consistent commits, indicating ongoing technical development.
Token Distribution
The token distribution includes allocations for the team, development, marketing, and community. While specific percentages are not publicly available, the project implements standard vesting schedules for team tokens, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in Suinami 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 Suinami.
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.