API INU
Crypto Overview
API INU is a meme token launched on the Ethereum blockchain in late 2023, inspired by the popular 'Inu' themed tokens. The project's stated purpose is to build a community around Web3 API development and infrastructure.
The token's utility appears to be primarily focused on community governance and potential future developments in API infrastructure, though specific technical details and roadmap are limited at this time.
Token Distribution & Development
The token has a relatively standard distribution model with liquidity locked. Development activity appears to be in early stages, with most current activity centered around community building and marketing efforts.
Current Usage
The primary current use case is trading on decentralized exchanges. While the project claims future utility around API infrastructure, these features are not yet implemented.
Business Model Analysis
The business model relies on community growth and potential future development of API-related tools. No evidence was found of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Crypto Impact
To assign a comfort level investing in API INU 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 API INU.
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.