Forever Burn
Crypto Overview
Project Overview
Forever Burn (FBURN) is a deflationary cryptocurrency on the Binance Smart Chain. Its primary mechanism involves burning tokens with each transaction, theoretically reducing supply over time.
Purpose and Utility
The project's stated purpose is to create a deflationary token through automatic burning mechanisms. Each transaction triggers a burn of tokens, permanently removing them from circulation. The project also implements a redistribution mechanism where holders receive a portion of transaction fees.
Business Model Analysis
The token operates primarily as a speculative asset with basic tokenomics features. The burning mechanism and redistribution system are transparent and automated through smart contracts. There are no apparent activities that would violate Islamic principles in its core functionality.
Real-World Adoption
The token primarily sees activity through trading on decentralized exchanges. While adoption appears limited, this is not inherently problematic from a Shariah compliance perspective as the token involves actual asset ownership and transfer.
Platform Development
The project maintains basic functionality through its smart contracts. While development activity appears minimal, the core burning and redistribution mechanisms continue to function as intended.
Token Distribution
The token distribution appears to follow standard launch practices with no unusual concentration in founder wallets that would suggest a scheme to enrich founders. Smart contract functionality is transparent and verifiable.
Crypto Impact
To assign a comfort level investing in Forever Burn 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 Forever Burn.
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.