Swappi
Crypto Overview
Overview
Swappi is a decentralized exchange (DEX) built on the Conflux network, featuring its native governance token PPI. The platform aims to provide automated market making (AMM) services, allowing users to trade tokens on the Conflux blockchain efficiently.
Purpose and Utility
The PPI token serves multiple functions within the Swappi ecosystem: governance rights allowing holders to participate in protocol decisions, liquidity mining rewards, and trading fee sharing. The platform is actively used for token swaps on the Conflux network.
Business Model Analysis
The core business model revolves around facilitating decentralized trading through automated market makers, where users can swap tokens directly through smart contracts. The platform generates revenue through trading fees, which are partially distributed to PPI holders.
Real-World Adoption
Swappi has established itself as one of the primary DEXs on the Conflux network, with active trading volumes and liquidity pools. The platform maintains regular development updates and community engagement.
Token Distribution
The PPI token distribution includes allocations for liquidity mining, team members, and development fund. Specific vesting schedules are implemented to prevent large-scale selling pressure.
Platform Development
The project maintains active development with regular updates to the protocol and user interface. The team consistently releases new features and improvements to the trading platform.
Crypto Impact
To assign a comfort level investing in Swappi 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 Swappi.
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.