Loser Coin
Crypto Overview
Purpose and Utility
Loser Coin (LOWB) was created in 2021 as a meme cryptocurrency that openly embraces its 'loser' identity. The project's stated purpose is to create a community of self-proclaimed 'losers' who can find belonging and humor in their shared identity. The token primarily functions as a medium of exchange and community token.
Business Model
The project operates with full transparency about its nature as a meme token. The business model is straightforward - it serves as a tradeable digital asset with no complex financial products or interest-bearing mechanisms. There are no apparent haram activities in its core functions.
Real-World Adoption
LOWB has maintained an active community, primarily in Asian markets. Trading occurs on several decentralized and centralized exchanges. The token has achieved its primary goal of creating a community around its unique identity.
Platform Development
While development activity is minimal, this aligns with the project's straightforward nature as a meme token. The basic token infrastructure remains functional and secure.
Token Distribution
Initial token distribution included a fair launch with no pre-mine for founders. The project demonstrates transparency in its tokenomics with no hidden allocations or suspicious vesting schedules.
Crypto Impact
To assign a comfort level investing in Loser Coin 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 Loser Coin.
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.