LOOPY (SUI)
Crypto Overview
Overview
LOOPY is a recently launched meme token on the Sui blockchain. Despite extensive research, I was unable to find detailed documentation about its specific utility or intended use cases beyond being a community-driven meme token.
Purpose and Utility
The token appears to primarily function as a tradeable digital asset on the Sui network. While the project has active social media presence, particularly on Twitter/X, there is limited information about specific technological utilities or use cases beyond trading.
Business Model
The business model appears to be centered around community engagement and trading activity. No evidence was found of involvement in prohibited activities like gambling, interest-bearing products, or adult content.
Development and Platform Activity
The project shows active community engagement on social media, though technical development activity is not readily visible. The token is traded on decentralized exchanges on the Sui network.
Token Distribution and Founder Analysis
Detailed information about token distribution, vesting schedules, and founder backgrounds is not publicly available. This lack of transparency, while concerning from an investment perspective, does not automatically make the token haram.
Crypto Impact
To assign a comfort level investing in LOOPY (SUI) 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 LOOPY (SUI).
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.