Bitcoin on Base
Crypto Overview
Overview
BTCB appears to be a token that aims to represent Bitcoin on the Base network. However, after thorough research, I was unable to find reliable, verifiable information about this specific token. While there are discussions about bringing Bitcoin to Base network, there does not seem to be an officially recognized or widely adopted 'Bitcoin on Base' token with the ticker BTCB.
Purpose and Utility
Without being able to verify the existence of this token or find reliable information about its creators, smart contract, or official documentation, it is impossible to properly assess its intended purpose, utility, or compliance with Islamic principles.
Development and Adoption
No verifiable information about development activity or adoption metrics could be found.
Token Distribution
Token distribution information is not available from reliable sources.
Crypto Impact
To assign a comfort level investing in Bitcoin on Base 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 Bitcoin on Base.
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.