Swarm Markets

Halal Rating :
Comfortable
Last Price $0.2 Last updated:
Rank 1020
1D Change -1.54 %
Market Cap $16.5m
Circulating supply 83,939,497
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Polygon Ecosystem
  • Real World Assets
  • Base Ecosystem

Overview

Swarm Markets is a regulated DeFi protocol launched in 2021 that aims to provide compliant trading infrastructure. The SMT token is used for governance and utility within the Swarm Markets ecosystem.

Purpose and Utility

The SMT token's primary purposes are: Governance rights for protocol decisions, Fee reductions for trading on the platform, Staking rewards for providing liquidity, and Platform participation incentives.

Business Model Evaluation

The core business model revolves around regulated DeFi trading and appears to focus on legitimate exchange of digital assets. The platform is licensed by BaFin (German Federal Financial Supervisory Authority) and aims to bridge traditional finance with DeFi.

Real World Adoption

The platform has achieved regulatory compliance in Germany but shows limited current adoption. Trading volumes and liquidity remain relatively low compared to major DEXs.

Platform Development

Development activity appears ongoing with regular updates to the protocol. The team maintains transparency through public development repositories and communication channels.

Token Distribution

Token distribution includes allocations for the team, investors, and community. Specific vesting schedules are in place for team and investor tokens to prevent early dumping.

Crypto Impact

To assign a comfort level investing in Swarm Markets 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 Swarm Markets.

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.

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