Joe Biden
Crypto Overview
Overview
The Joe Biden token (BIDEN) appears to be a meme cryptocurrency created on the BNB Smart Chain, with no clear utility beyond trading and community engagement.
Purpose and Utility
The token does not appear to have any stated technological purpose or utility beyond serving as a tradeable digital asset. There is no whitepaper or technical documentation available.
Business Model
The token operates as a simple BEP-20 token with basic transfer functionality. There are no apparent forbidden elements in its basic operations.
Real-World Adoption
The token has limited trading volume and appears to be primarily traded on decentralized exchanges on the BNB Smart Chain. There is no evidence of significant real-world adoption or partnerships.
Platform Development
There is no visible ongoing development activity. The token appears to be a basic smart contract without additional functionality being developed.
Token Distribution
Specific details about token distribution and ownership are not readily available due to the token's limited presence and documentation.
Notable Considerations
While the token appears to be primarily used for trading speculation, this alone does not make it haram as real asset ownership and transfer occurs in trades. The token does not facilitate gambling, interest-bearing activities, or other prohibited functions.
Crypto Impact
To assign a comfort level investing in Joe Biden 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 Joe Biden.
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.