Based Street Bets
Crypto Overview
Overview
Based Street Bets (BSB) is a meme cryptocurrency launched in 2024 on the Solana blockchain. The project presents itself as a community-driven token that aims to capitalize on the meme coin trend while building a community around trading and speculation.
Purpose and Utility
The primary stated purpose of BSB is to serve as a tradeable digital asset within the Solana ecosystem. The project does not claim to have complex utility beyond serving as a medium of exchange and a speculative trading vehicle.
Business Model
The token operates as a simple transfer-of-value cryptocurrency, allowing users to buy, sell, and trade the token on various decentralized exchanges. There is no lending, staking, or interest-bearing component to the token's functionality.
Development and Platform Activity
The project maintains a basic website and social media presence. There is limited technical development as the token operates on standard Solana token protocols without additional features or modifications.
Token Distribution
The token distribution appears to be relatively fair, with no excessive allocation to founders or team members. The token was launched through standard decentralized exchange listings.
Actual Usage
Current usage primarily revolves around trading activity on decentralized exchanges. The token serves its intended purpose as a tradeable digital asset, though trading volumes and adoption levels remain modest.
Crypto Impact
To assign a comfort level investing in Based Street Bets 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 Street Bets.
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.