bitFloki
Crypto Overview
Overview
BitFloki (BFLOKI) is a meme cryptocurrency inspired by Elon Musk's Shiba Inu dog named Floki. The token was launched on the Binance Smart Chain (BSC) network.
Purpose and Utility
The primary stated purpose of BitFloki is to serve as a community-driven meme token with some gaming and NFT functionalities planned. The actual current usage appears to be primarily trading on decentralized exchanges.
Business Model Analysis
The project's business model primarily revolves around community engagement and trading. There are no apparent mechanisms involving riba (interest) or gambling in the core token functionality.
Real-World Adoption
The token primarily sees trading activity on decentralized exchanges. While planned utilities like gaming features have been mentioned in their documentation, current usage remains predominantly focused on trading.
Development Activity
The project maintains basic token functionality on the BSC network. Development activity appears limited but the core smart contract functions properly for token transfers and trading.
Token Distribution
Analysis of on-chain data shows no concerning concentration of tokens in founder wallets that would indicate a pump and dump scheme. The token distribution appears relatively decentralized among holders.
Crypto Impact
To assign a comfort level investing in bitFloki 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 bitFloki.
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.
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