Ben (v2)
Crypto Overview
Overview
Ben (v2) is a cryptocurrency token launched on the Bitcoin network through the Ordinals protocol. It positions itself as a community-driven project that aims to leverage Bitcoin's security and decentralization while enabling new use cases through inscriptions.
Purpose and Utility
The primary stated purpose of BEN is to serve as a digital asset on the Bitcoin network, enabling transfer of value and participation in the Bitcoin ecosystem through the Ordinals protocol. The token allows users to engage with Bitcoin's base layer in new ways beyond traditional BTC transactions.
Business Model and Real-World Usage
The token operates purely as a transferable digital asset, with its main utility being the ability to trade and hold it as a form of value on the Bitcoin network. Current usage aligns with this intended purpose, as users are actively trading and transferring the token through various platforms that support Ordinals.
Platform Development
The project relies on the Bitcoin network's infrastructure and the Ordinals protocol. While it doesn't have its own independent development ecosystem, it benefits from Bitcoin's robust network security and the growing Ordinals ecosystem.
Token Distribution
BEN tokens were distributed through a fair launch mechanism, with no pre-mine or founder allocation, suggesting a relatively equitable initial distribution. The token can be freely traded on various platforms that support Ordinals tokens.
Crypto Impact
To assign a comfort level investing in Ben (v2) 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 Ben (v2).
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.