Kyuubi
Crypto Overview
Project Overview
Kyuubi ($KYUB) is a cryptocurrency project built on the Ethereum blockchain that markets itself as a social token project inspired by Japanese mythology. The project's stated purpose is to create a community-driven ecosystem with NFT staking capabilities and token rewards.
Utility Assessment
The project's utility is primarily focused on NFT staking and community governance. Token holders can stake their tokens to earn rewards and participate in community decisions.
Business Model
The project generates value through NFT sales, staking mechanisms, and community engagement. The core functions do not involve prohibited activities like gambling or interest-based lending.
Development Activity
The project shows regular development updates on their social media channels and GitHub repository, indicating active maintenance and feature development.
Token Distribution
Based on publicly available information, the token distribution includes allocations for: Community rewards (40%), Development fund (20%), Team (15%), Marketing (15%), and Liquidity (10%). Team tokens are subject to a vesting period of 12 months.
Crypto Impact
To assign a comfort level investing in Kyuubi 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 Kyuubi.
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.