Innovative Bioresearch Coin
Crypto Overview
Project Overview
Innovative Bioresearch Coin (INNBC) was created to support research and development in biotechnology, particularly focusing on HIV/AIDS research. The token was designed to serve as a utility token within the Innovative Bioresearch ecosystem.
Purpose and Utility
The stated purpose of INNBC is to fund biotechnology research and development while providing token holders with potential benefits from the company's developments. The token was intended to be used within their ecosystem for accessing research data and potential future products.
Business Model Analysis
The business model appears to involve legitimate biotechnology research funding, which is a permissible activity under Islamic principles. The token itself represents ownership in the ecosystem and research outcomes.
Platform Development and Activity
Current development activity appears minimal based on public sources. The project's social media channels and official communications have been relatively quiet in recent periods.
Token Distribution and Governance
Detailed information about token distribution and current holdings is limited in recent public sources. The project launched with a fair distribution model, though current whale wallet concentrations are unclear from available data.
Alignment with Islamic Principles
The core business of biotechnology research and development is halal. The token represents ownership in this ecosystem, and trading of the token involves actual asset transfer. The project does not involve interest-bearing mechanisms or gambling elements in its core structure.
Crypto Impact
To assign a comfort level investing in Innovative Bioresearch Coin 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 Innovative Bioresearch Coin.
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.