Swaperry
Crypto Overview
Project Overview
Swaperry (PERRY) is a recently launched decentralized exchange (DEX) and DEX aggregator platform aiming to provide users with optimized trading routes across multiple blockchain networks. While the project is in its early stages, its stated purpose is to facilitate efficient token swaps while providing token holders with governance rights over protocol decisions.
Utility Assessment
Primary Utility: The PERRY token is designed as both a governance token for the Swaperry protocol and a utility token that can be used for fee reductions on the platform. Token holders can participate in decision-making regarding protocol upgrades and parameter adjustments.
The project's core utility aligns with halal principles as it involves the actual exchange of digital assets and provides real utility through governance rights and fee discounts. The platform does not inherently involve interest-bearing products or gambling mechanisms.
Development and Adoption
The project is in its early stages with limited adoption. While the development activity appears genuine based on github commits and technical documentation, the ecosystem is still emerging. The team maintains regular communication through official channels regarding development progress.
Token Distribution
Initial token distribution includes allocations for the team, development fund, and public sale participants. Team tokens are subject to a vesting schedule, indicating some protection against immediate selling pressure from insiders.
Crypto Impact
To assign a comfort level investing in Swaperry 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 Swaperry.
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.