Baby GameStop
Crypto Overview
Purpose and Utility Analysis
Baby GameStop (BABYGME) is a meme cryptocurrency launched in 2023 on the BNB Smart Chain, inspired by the GameStop stock trading phenomenon. The project aims to capitalize on the GameStop retail trading movement's popularity by creating a cryptocurrency that rewards holders through a reflective tokenomics system.
Business Model
The token implements a 7% transaction tax, which is distributed as follows: 2% to holders as reflections, 2% to marketing, and 3% to liquidity pool. This model creates an actual exchange of digital assets between parties.
Real-World Adoption
The token primarily serves as a trading vehicle on decentralized exchanges, particularly PancakeSwap. While adoption is limited, this doesn't impact its halal classification as there is genuine asset exchange occurring.
Platform Development
Development activity appears minimal, with the focus primarily on community building and marketing efforts. The project maintains active social media presence but has limited technical development.
Token Distribution
Contract analysis shows no unusual concentration of tokens in founder wallets, and liquidity appears to be locked, reducing the risk of a rug pull. The project allows free trading of tokens without special privileges for founders.
Crypto Impact
To assign a comfort level investing in Baby GameStop 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 Baby GameStop.
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.