Monkey Taken By Police
Crypto Overview
Overview
Monkey Taken By Police (JORGIE) is a newly launched meme cryptocurrency that appears to be themed around a humorous concept related to police and monkeys. Due to the extremely recent launch of this token and limited publicly available information, a comprehensive analysis of its utility and use cases is challenging.
Purpose and Utility
The token appears to be primarily functioning as a speculative meme coin, with its main utility being tradeable ownership of the token itself. No complex DeFi mechanisms, lending protocols, or gambling features have been identified in the project's scope.
Business Model Evaluation
The project appears to operate as a simple ERC-20 token without any apparent mechanisms that would violate Islamic principles such as riba (interest) or maysir (gambling). Trading of the token involves actual transfer of ownership, which is permissible from an Islamic finance perspective.
Development and Adoption
As a very new project, development activity and adoption metrics are limited. However, this limitation does not impact its Sharia compliance status.
Token Distribution Analysis
While detailed information about token distribution is not readily available, the mere trading of the token represents a legitimate transfer of ownership between willing parties.
Crypto Impact
To assign a comfort level investing in Monkey Taken By Police 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 Monkey Taken By Police.
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.