BLACKHOLE PROTOCOL
Crypto Overview
Overview
BlackHole Protocol (BLACK) is a deflationary DeFi token on the BNB Chain (formerly BSC) that implements a burn mechanism where a portion of each transaction is permanently removed from circulation, theoretically decreasing supply over time.
Purpose and Utility
The primary stated purpose is to serve as a deflationary store of value through its automatic burn mechanism. The protocol claims to create scarcity by continuously reducing the token supply through burns on each transaction.
Business Model & Operations
The token operates through smart contracts that automatically execute the burn mechanism during transfers. No prohibited activities like gambling or interest-based lending were identified in the core protocol.
Development & Adoption
The project appears to have limited recent development activity and adoption metrics. The main utility remains focused on its deflationary tokenomics rather than additional features or use cases.
Token Distribution
Detailed information about token distribution and founder holdings is limited in publicly available sources. The project implements transaction fees that are partially burned and partially redistributed to holders.
Crypto Impact
To assign a comfort level investing in BLACKHOLE PROTOCOL 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 BLACKHOLE PROTOCOL.
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.