cig
Crypto Overview
Overview
CIG (Cigarette Token) is a cryptocurrency that appears to be connected to the tobacco and cigarette industry. However, after thorough research, there is extremely limited verifiable information available about this token's current status, utility, or intended purpose.
Purpose and Utility
Due to the lack of official documentation, whitepapers, or verifiable sources, the intended utility and actual usage of CIG cannot be definitively determined. The token's connection to the tobacco industry raises immediate concerns from a Sharia compliance perspective.
Business Model and Development
There is insufficient public information available about the business model, development team, or ongoing platform activities. The project lacks transparency in terms of its operational structure and development roadmap.
Token Distribution and Governance
Information about token distribution, vesting schedules, and governance mechanisms is not publicly available or verifiable.
Industry Alignment
The token's apparent connection to the tobacco industry, which is considered haram in Islamic law, is a significant concern for Sharia compliance.
Crypto Impact
To assign a comfort level investing in cig 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 cig.
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.