KABOSU
Crypto Overview
Project Overview
Kabosu (KABOSU) is a community-driven cryptocurrency token launched on the Binance Smart Chain (BSC). The project is named after the famous Shiba Inu dog that became the face of the 'Doge' meme. The token was created in 2021 as a meme token with community governance features.
Intended Purpose and Utility
The stated purpose of KABOSU is to serve as a governance token for its community and facilitate transactions within its ecosystem. The project aims to build a community-driven platform where token holders can participate in decision-making processes.
Current Usage and Adoption
The primary use of KABOSU currently appears to be trading on decentralized exchanges. The token implements a reflection mechanism where holders receive a portion of transaction fees. While trading volume exists, evidence of significant governance participation or broader utility implementation is limited.
Development Activity
The project maintains basic smart contract functionality on the BSC network. Development activity appears minimal based on public repositories and community updates.
Token Distribution
The token features a max supply with anti-whale mechanisms and liquidity locks in place. A portion of each transaction is redistributed to existing holders.
Business Model Analysis
The core business model revolves around community ownership and governance, with no apparent involvement in prohibited activities such as interest-based lending or gambling. The token transfer and reflection mechanisms operate within acceptable parameters from an Islamic finance perspective.
Crypto Impact
To assign a comfort level investing in KABOSU 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 KABOSU.
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.