Swop

Halal Rating :
Comfortable
Last Price $0.072 Last updated:
Rank 2457
1D Change 1.15 %
Market Cap $278,871
Circulating supply 3,868,974
Maximum supply 6,000,000

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.

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