BODA Token
Crypto Overview
Overview
BODA Token (BODAV2) is a BEP-20 token on the Binance Smart Chain that implements a reward system for holders. The project's primary utility is its BUSD rewards mechanism, where holders receive BUSD distributions from transaction fees.
Purpose and Utility
The token's main purpose is to serve as a rewards token, with 12% of each transaction distributed as follows: 8% BUSD rewards to holders, 2% to liquidity pool, and 2% to marketing wallet. The project aims to create a sustainable reward system for long-term holders.
Business Model Evaluation
The business model relies on transaction volume to generate rewards. While the reward mechanism itself doesn't involve traditional interest (riba), it functions through transaction fees and redistribution. The project doesn't engage in lending or explicitly prohibited activities.
Real-World Adoption
The token has an active community and maintains consistent trading volume on decentralized exchanges. The reward system is functional and automatically distributes BUSD to holders as designed.
Development Activity
The project maintains basic development activity focused on maintaining the rewards mechanism and contract functionality. The team regularly engages with the community through social media and their official channels.
Token Distribution
The token has anti-whale mechanisms in place to prevent large holders from manipulating the price. There are restrictions on the maximum amount that can be held in a single wallet.
Crypto Impact
To assign a comfort level investing in BODA Token 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 BODA Token.
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.