Life Crypto
Crypto Overview
Overview
Life Crypto is a cryptocurrency project that aims to serve as a payment system and ecosystem for decentralized applications (dApps). The project was launched on the BNB Chain (formerly Binance Smart Chain).
Purpose and Utility
The stated purpose of Life Crypto is to create a digital payment ecosystem with low transaction fees. The project also claims to focus on developing dApps and NFT marketplaces.
Current Usage and Adoption
The token currently shows limited real-world adoption beyond trading on decentralized exchanges. The project maintains basic development activity, though primarily focused on marketing efforts.
Token Distribution
Life Crypto implements a 5% transaction tax, with 2% distributed to holders, 2% added to liquidity, and 1% allocated to marketing. The token distribution appears relatively decentralized, with no single wallet holding a concerning concentration of tokens.
Development Activity
While the project maintains an active social media presence, technical development appears limited. The team regularly posts updates about marketing initiatives and community engagement.
Revenue Model
The primary revenue mechanism comes from the transaction tax structure, which is transparent and does not involve interest-bearing mechanisms or lending protocols.
Crypto Impact
To assign a comfort level investing in Life Crypto 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 Life Crypto.
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.