Cheems (LordCheems_)
Crypto Overview
Project Overview
Cheems (LordCheems_) is a meme cryptocurrency launched on the BNB Smart Chain. The project positions itself as a community-driven token inspired by the popular Cheems meme.
Purpose and Utility
The primary stated purpose appears to be creating a community around the Cheems meme while facilitating peer-to-peer transactions. Beyond this basic utility as a transferable token, no significant additional utility has been demonstrated.
Business Model Analysis
The token operates as a simple transfer mechanism on the BNB Smart Chain. The project does not appear to involve any inherently haram activities such as interest-based lending or gambling mechanics in its core functionality.
Development and Adoption
The project shows limited development activity and adoption. However, from a Sharia compliance perspective, this is not a determining factor in its permissibility.
Token Distribution and Founder Assessment
While detailed information about token distribution is limited, the basic token transfer functionality appears to involve actual ownership transfer of digital assets, which is permissible from an Islamic finance perspective.
Crypto Impact
To assign a comfort level investing in Cheems (LordCheems_) 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 (LordCheems_).
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.