BIBI
Crypto Overview
Overview
BIBI is a utility token associated with BIBI marketplace, a platform that aims to provide decentralized commerce solutions. The token operates on the Ethereum blockchain.
Purpose and Utility
The stated purpose of BIBI token is to serve as a governance and utility token within the BIBI ecosystem. Token holders can participate in platform governance decisions and access various features of the marketplace.
Business Model
The platform focuses on facilitating decentralized commerce transactions, with the BIBI token serving as the primary medium of exchange within the ecosystem. The business model appears transparent and does not inherently involve prohibited activities.
Real-World Adoption
Current adoption metrics show limited but growing usage of the platform. While trading activity dominates current token usage, this is common for early-stage projects and does not affect halal status.
Platform Development
The project maintains active development, with regular updates to the platform infrastructure. The development team appears committed to building out the promised functionality.
Token Distribution
Token distribution shows a reasonable allocation between team members, development fund, and public circulation. Vesting schedules are in place for team tokens, indicating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in BIBI 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 BIBI.
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.