Sway Protocol
Crypto Overview
Overview
Sway Protocol is a cryptocurrency project that enables decentralized control of treasury funds through its governance token SWAY. The protocol allows token holders to participate in decision-making regarding the allocation and use of treasury resources.
Purpose and Utility
The primary purpose of SWAY is to serve as a governance token for the Sway Protocol ecosystem. Token holders can propose and vote on decisions affecting the protocol's development and treasury management.
Business Model Assessment
The governance model appears transparent, with clear documentation on voting mechanisms and treasury management. No evidence was found of involvement in prohibited activities like interest-based lending or gambling.
Adoption and Usage
The protocol shows active governance participation, with regular proposals and voting activity from token holders. The governance mechanism is functioning as intended, though overall adoption remains in early stages.
Development Activity
There is observable development activity on the protocol's GitHub repositories, indicating ongoing technical maintenance and improvements. The development team appears to be actively working on platform enhancements.
Token Distribution
Token distribution includes allocations for governance, ecosystem growth, and development. While specific percentages held by founders were not publicly available, the vesting schedules appear reasonable.
Crypto Impact
To assign a comfort level investing in Sway Protocol 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 Sway Protocol.
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.