Based Sharon
Crypto Overview
Project Overview
Based Sharon (SHARE) is a meme cryptocurrency launched in 2024, inspired by Congressional Representative Sharon Jackson Lee of Texas. The project appears to be a typical meme token without any clear technological utility beyond being a tradeable digital asset.
Purpose and Utility
The token's primary purpose appears to be serving as a tradeable digital asset on decentralized exchanges. There are no clear additional utilities, decentralized applications, or technological features beyond basic ERC-20 token functionality.
Business Model and Operations
The token operates as a standard ERC-20 token on the Ethereum blockchain. There is no evidence of involvement in prohibited activities such as gambling, interest-bearing products, or adult content. The token can be freely traded on decentralized exchanges where ownership is transferred between parties.
Development and Adoption
The project shows minimal development activity beyond the initial token deployment. Trading appears to be the primary form of engagement with the token. While adoption is limited, this alone does not impact Sharia compliance.
Token Distribution
The token appears to follow standard decentralized exchange launch procedures. Specific details about founder holdings and vesting schedules are not publicly available.
Crypto Impact
To assign a comfort level investing in Based Sharon 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 Based Sharon.
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.