ARBSHIB
Crypto Overview
Overview
ArbShib (AISHIB) is a meme cryptocurrency launched on the Arbitrum network. The project appears to be a community-driven token that combines elements of meme culture with the Arbitrum ecosystem.
Purpose and Utility
The stated purpose of AISHIB is to serve as a community token within the Arbitrum ecosystem. The project aims to leverage the lower gas fees and faster transaction speeds of Arbitrum while building a community around the token.
Business Model and Operations
The token operates primarily as a tradeable digital asset on decentralized exchanges on the Arbitrum network. There is no lending, staking, or interest-bearing component to the token's functionality.
Development and Community Activity
The project shows typical characteristics of a meme token, with community engagement primarily focused on social media and trading activity. The development activity appears to be minimal, which is common for meme tokens.
Token Distribution
The token distribution appears to follow standard practices for meme tokens on Arbitrum, with trading occurring through decentralized exchanges. No unusual concentration of tokens has been observed that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in ARBSHIB 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 ARBSHIB.
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.