Swop
Crypto Overview
Overview
Swop is a cryptocurrency that operates within the Waves ecosystem as a decentralized exchange (DEX) governance token. The token was created to facilitate decentralized trading and liquidity provision on the Waves Exchange.
Purpose and Utility
The primary utility of SWOP tokens includes governance rights over the protocol's parameters and earning a share of trading fees generated on the platform. Token holders can participate in decision-making processes regarding protocol upgrades and fee structures.
Business Model Analysis
The platform operates as a decentralized exchange, allowing users to trade digital assets without intermediaries. The business model is based on collecting trading fees, which are partially distributed to SWOP token holders who participate in governance.
Real-World Adoption
The token has seen limited adoption outside of the Waves ecosystem. Its primary use remains within the Waves Exchange platform for governance and fee sharing.
Development Activity
Development activity appears to be minimal, with most updates focused on maintenance rather than new feature development. The project's GitHub repository shows sporadic activity.
Token Distribution
Information about the exact token distribution is limited, but the token was distributed through farming rewards on the Waves Exchange platform.
Crypto Impact
To assign a comfort level investing in Swop 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 Swop.
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.