Kabosu
Crypto Overview
Overview
Kabosu ($KABOSU) is a cryptocurrency launched in 2023 inspired by the original Doge meme, named after the actual Shiba Inu dog that became the face of Dogecoin. The project presents itself as a community-driven token on the Ethereum blockchain.
Purpose and Utility
The primary stated purpose of Kabosu is to serve as a decentralized meme token that aims to build a community around the original Doge meme. The token implements a 1% tax on transactions that is distributed to holders.
Business Model and Implementation
The token operates on the Ethereum blockchain as an ERC-20 token. The project focuses heavily on community building and marketing, particularly through social media channels. There is no lending, staking, or interest-bearing mechanisms implemented in the token's smart contract.
Development and Adoption
The project maintains active social media presence and community engagement. The token has achieved listing on several decentralized exchanges (DEXs) and has demonstrated trading volume indicating market participation.
Token Distribution
The token's distribution shows that no single wallet holds a concerning concentration of tokens. LP tokens were burned at launch, indicating some level of commitment to price stability.
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.