CHOW
Crypto Overview
Project Overview
CHOW is a cryptocurrency token that aims to combine charitable giving with cryptocurrency trading. The project claims to automatically donate a portion of each transaction to charitable causes, particularly focusing on addressing world hunger.
Purpose and Utility
The primary stated purpose of CHOW is to facilitate automatic charitable donations through cryptocurrency transactions. Each trade of CHOW tokens includes a fee that is partially redistributed to token holders and partially donated to charitable organizations.
Business Model Evaluation
The business model involves a transaction fee structure where: 3% is redistributed to holders, 3% is added to liquidity, and 3% goes to charity wallets. The charitable aspect aligns well with Islamic principles of social responsibility and giving (sadaqah).
Real-World Adoption
The project has demonstrated some charitable giving activities, though specific details and amounts of donations are limited in transparency. The token primarily trades on decentralized exchanges.
Platform Development
Development activity appears minimal, with most focus being on community management and charitable initiatives rather than technical development.
Token Distribution
Initial token distribution appears to have included measures against concentration of ownership, with anti-whale mechanisms in place. However, detailed information about founder holdings is limited.
Crypto Impact
To assign a comfort level investing in CHOW 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 CHOW.
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.