Cheems (cheems.pet)
Crypto Overview
Purpose and Utility
Cheems (cheems.pet) is a meme cryptocurrency created on the BNB Smart Chain, inspired by the popular Cheems Doge meme. The project presents itself as a community-driven token with basic tokenomics features including reflection rewards to holders.
Business Model Assessment
The token operates primarily as a speculative digital asset with basic utility features including token redistribution to holders. There are no lending protocols or interest-bearing mechanisms that would raise Sharia compliance concerns. The project does not facilitate or promote any explicitly haram activities.
Real-World Adoption
As a meme token, its primary use case is trading and holding. While adoption is limited, this is not inherently problematic from a Sharia compliance perspective as real asset ownership and transfer occurs with each transaction.
Platform Development
Development activity appears minimal, focused mainly on maintaining the basic token contract functionality. The project relies heavily on community engagement and marketing rather than technical development.
Token Distribution
Token ownership appears to be distributed among holders, though detailed analysis of wallet concentrations was not available at the time of this report. The contract does not show obvious signs of malicious features that would prevent trading or lock user funds.
Crypto Impact
To assign a comfort level investing in Cheems (cheems.pet) 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 Cheems (cheems.pet).
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.