HarryPotterObamaSonic10Inu 2.0
Crypto Overview
Overview
HarryPotterObamaSonic10Inu 2.0 (BITCOIN) is a cryptocurrency that gained attention in 2023 for its unusual name and its stated goal of becoming a decentralized meme token on the Bitcoin network through the BRC-20 token standard. The project launched in May 2023.
Purpose and Utility
The token's primary stated purpose is to serve as a meme-based digital asset on the Bitcoin network. It functions as a tradeable digital asset with actual ownership rights transferred between parties. The project doesn't claim any complex utility beyond being a transferable digital asset.
Business Model and Operations
The token operates as a simple digital asset on the Bitcoin network through the BRC-20 standard. There is no lending, staking, or interest-bearing components to the protocol. The business model is straightforward - it's a digital asset that can be transferred between parties.
Platform Development and Community
The project maintains basic functionality for token transfers. While development activity is limited, this doesn't impact its halal status as the core functionality - asset transfer - remains operational.
Token Distribution
The token was launched with a fair distribution model where anyone could mint tokens initially. There was no pre-mine or team allocation, reducing concerns about founder enrichment schemes.
Alignment with Islamic Principles
The token's core functionality - serving as a transferable digital asset - does not violate Islamic principles. It doesn't involve riba (interest), gambling, or prohibited industries. All transactions represent actual asset transfers between willing parties.
Crypto Impact
To assign a comfort level investing in HarryPotterObamaSonic10Inu 2.0 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 HarryPotterObamaSonic10Inu 2.0.
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.