The QWAN
Crypto Overview
Project Overview
The QWAN (Quality Without A Name) is a cryptocurrency that represents ownership of the QWANcore protocol, a decentralized bridge technology aimed at enabling cross-chain communication and asset transfers. The project aims to provide secure and efficient cross-chain interoperability solutions.
Purpose and Utility
The QWAN token serves multiple purposes within its ecosystem: It acts as a governance token allowing holders to participate in protocol decisions, serves as a utility token for paying bridge fees, and provides security through staking mechanisms. Token holders can also earn rewards by participating in security validation.
Business Model Analysis
The project's business model centers around facilitating cross-chain transactions and earning fees from bridge operations. The revenue model appears transparent and straightforward, with fees collected from users who utilize the bridge services. These activities align with halal principles as they provide clear utility and value exchange.
Development and Adoption
The project maintains active development with regular GitHub commits and protocol updates. While adoption is still in early stages, several partnerships with other blockchain projects have been established for implementing the bridge technology.
Token Distribution and Governance
The token distribution appears relatively balanced, with significant portions allocated to community rewards and ecosystem development. Founder tokens are subject to a vesting schedule, indicating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in The QWAN 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 The QWAN.
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.