Minswap is a decentralized exchange that offers a fair distribution of tokens without any private or VC investment. They have pioneered new ideas in the Cardano ecosystem, and Liquidity Providers (LPs) can earn profits through fees taken for each swap. However, the project lacks a clear roadmap and team information, so it is best to avoid it.
| Category | Details | Status |
|---|---|---|
| Legitimacy | The project has no clear roadmap and lacks information on the team behind it. Additionally, it is not regulated by any countries or regulatory bodies, and the token/coin has a fundamental underlying value that qualifies it as "Mal". | Grey |
| Project | Minswap is a community-centric Decentralized Exchange (DEX) that allows for permissionless trading of token pairs. They offer a fair distribution of tokens without any private or VC investment. Minswap has pioneered several ideas in the Cardano ecosystem and continues to develop value-adding features, such as the FISO model and the MINt Token. Liquidity Providers (LPs) earn profits through fees taken for each swap. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | MIN is the governance token of the Minswap protocol, which is distributed fairly to protocol participants and Liquidity Providers. It allows them to participate in governance and vote democratically on protocol changes. MIN token has utility within the protocol. | Passed |
| Staking Method | Minswap distributes MIN token rewards to users who provide liquidity on their DEX and stake their Liquidity Provider Tokens (LP Tokens or LPTs). The amount of MIN rewards earned by staking LPTs is proportional to the share of LPTs staked compared to the total LPTs staked in the particular farm. | Passed |
Read the source document and verify project fundamentals.