Kabosu Family
Crypto Overview
Purpose and Utility
KABOSU is a community-driven cryptocurrency launched on the Binance Smart Chain (BSC) network. The project claims to build a decentralized ecosystem around the popular Doge meme, featuring the Shiba Inu dog Kabosu.
Business Model
The project primarily functions as a community token with very basic utility. There are no lending, staking, or interest-bearing mechanisms in the core protocol. The token serves as a medium of exchange and potential store of value within its ecosystem.
Real-World Adoption
Current adoption appears limited, with most activity centered around trading on decentralized exchanges. No significant partnerships or real-world applications have been identified.
Platform Development
Development activity appears minimal, with limited updates to the core protocol. The project maintains basic social media presence and community engagement.
Token Distribution
Initial token distribution information is publicly available through the smart contract. The project implemented basic anti-whale measures to prevent large holders from dumping tokens. Liquidity appears to be locked, which provides some protection against rug pulls.
Marketing and Development Balance
The project appears to focus primarily on community building and marketing efforts rather than technical development. This is typical for meme-based tokens but does not inherently affect its permissibility.
Crypto Impact
To assign a comfort level investing in Kabosu Family 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 Family.
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.