LunaChow
Crypto Overview
Purpose and Utility
LunaChow (LUCHOW) is a cryptocurrency designed as a meme token inspired by Shiba Inu and launched on the Binance Smart Chain. Its primary stated purpose is to function as a community-driven token with a focus on charitable donations, particularly to animal welfare organizations.
Business Model and Implementation
The token operates with a tax mechanism on transactions where a portion is allocated to marketing, development, and charitable causes. The project claims to make regular donations to animal shelters and welfare organizations.
Real-World Adoption
The token primarily sees usage in trading activities on decentralized exchanges. While the project claims to make charitable donations, verification of these activities is limited.
Platform Development
Development activity appears minimal, with most updates focusing on marketing and community engagement rather than technical development.
Token Distribution and Governance
Token ownership appears relatively distributed among holders, with no concerning concentration in founder wallets. The project implements a basic reflection mechanism where holders receive a share of transaction fees.
Crypto Impact
To assign a comfort level investing in LunaChow 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 LunaChow.
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.