Kingaru
Crypto Overview
Kingaru (KRU) is a meme cryptocurrency created on the Binance Smart Chain (BSC) network, drawing inspiration from kingaru, a Japanese word meaning 'skipping class'. The project appears to have launched in 2023.
Purpose and Utility
The token's primary stated purpose is to serve as a meme-based community token. Like many meme tokens, it doesn't claim significant technical utility beyond being a tradeable digital asset and fostering a community around its theme.
Business Model and Operations
The token operates on the BSC network as a BEP-20 token, allowing for simple peer-to-peer transfers and trading. The project doesn't appear to be involved in any prohibited activities such as gambling, interest-based lending, or adult content.
Development and Adoption
The project shows limited development activity beyond its initial token creation. Trading appears to be the primary use case, with most activity occurring on decentralized exchanges.
Token Distribution
Public information about the token distribution and vesting schedules is limited. However, the token operates as a standard BEP-20 token with transferable ownership rights.
Crypto Impact
To assign a comfort level investing in Kingaru 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 Kingaru.
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.