Guapcoin
Crypto Overview
Overview
Guapcoin (GUAP) is a cryptocurrency project that claims to focus on serving the African American community through blockchain technology. It was created to provide financial services and economic opportunities specifically targeted at this demographic.
Purpose and Utility
The stated purpose of Guapcoin is to function as a medium of exchange and store of value within the African American community, with aims to facilitate commerce and wealth-building opportunities. The project claims to want to bridge the economic gap and provide financial inclusion.
Business Model Analysis
The business model appears to be based on standard cryptocurrency exchange and transfer functionality. There are no apparent mechanisms that would violate Islamic principles in its basic structure.
Adoption and Usage
Current adoption appears to be limited, with relatively low trading volumes and limited real-world implementation of stated use cases. However, the token does facilitate actual ownership and transfer of value between parties.
Platform Development
Development activity appears minimal based on public repositories and updates. The project seems to rely heavily on marketing rather than technical development.
Token Distribution
While detailed information about token distribution is limited, the token operates on standard blockchain technology allowing for legitimate ownership and transfer of digital assets.
Crypto Impact
To assign a comfort level investing in Guapcoin 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 Guapcoin.
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.