Free Palestine
Crypto Overview
Overview
Free Palestine (YAFA) is a cryptocurrency token launched in October 2023 on the Ethereum blockchain as an ERC-20 token. The project claims to raise awareness and provide financial support for Palestinian humanitarian causes through cryptocurrency donations.
Purpose and Utility
The stated purpose of YAFA is to function as a medium of exchange specifically focused on Palestinian aid and charitable donations. The token claims to allocate a percentage of transaction fees to humanitarian organizations supporting Palestinians.
Business Model Analysis
The token operates on a fee-based model where each transaction incurs fees that are partially redistributed to holders and partially allocated to charitable causes. However, verification of actual charitable distributions has been limited.
Real-World Adoption
The token has seen trading activity primarily on decentralized exchanges like Uniswap. While there is active trading, evidence of meaningful charitable distributions or humanitarian aid deployment is currently limited.
Platform Development
The project maintains basic token functionality on the Ethereum network. Development activity appears minimal beyond the initial token deployment and smart contract creation.
Token Distribution
The token distribution model includes public trading allocation, with some tokens reserved for marketing and development. Specific details about founder holdings and vesting schedules are not publicly available.
Crypto Impact
To assign a comfort level investing in Free Palestine 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 Free Palestine.
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.