Yoshi.exchange
Crypto Overview
Overview
Yoshi.exchange is a decentralized exchange (DEX) platform built on the Ethereum blockchain, launched in 2023. The YOSHI token serves as the platform's native governance and utility token.
Purpose and Utility
The intended purpose of YOSHI is to serve as a governance token for the Yoshi.exchange DEX platform, allowing holders to participate in protocol decisions. The token also provides utility through trading fee discounts and staking rewards on the platform.
Business Model Evaluation
The project operates as a decentralized exchange, facilitating peer-to-peer trading of cryptocurrencies. The platform generates revenue through trading fees, with a portion distributed to YOSHI stakers.
Real-World Adoption
The platform shows moderate trading volume and user activity. On-chain data indicates regular trading activity and token holder participation in governance decisions.
Platform Development
The development team maintains regular updates to the protocol, with an active GitHub repository showing consistent commits. The project has implemented security audits and maintains transparent communication through official channels.
Token Distribution
The token distribution appears reasonable with founder tokens subject to vesting periods. No single entity holds a concerning concentration of tokens.
Crypto Impact
To assign a comfort level investing in Yoshi.exchange 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 Yoshi.exchange.
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.