BANK (Ordinals)
Crypto Overview
Overview
BANK is a Bitcoin Ordinal token built on the Bitcoin blockchain through the BRC-20 standard. It was launched in 2023 with a total supply of 21,000,000 tokens.
Purpose and Utility
BANK aims to be a digital asset that leverages Bitcoin's security and decentralization while offering transferability through the Ordinals protocol. The primary utility is serving as a tradeable digital asset on the Bitcoin network.
Business Model
The project operates as a purely transferable digital asset, with no lending, staking, or interest-bearing components. Trading occurs on various decentralized and centralized exchanges that support Ordinal tokens.
Real-World Adoption
BANK has achieved notable trading volume across various exchanges that support Ordinal tokens. The primary use case remains trading and holding as a digital asset.
Platform Development
As a BRC-20 token, BANK relies on Bitcoin's underlying infrastructure and the Ordinals protocol. There is no additional platform development required beyond the initial token creation.
Token Distribution
The token distribution appears to be fairly decentralized through the mint process, with no pre-mine or team allocation identified in available data.
Crypto Impact
To assign a comfort level investing in BANK (Ordinals) 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 BANK (Ordinals).
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.
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