Oshi Token
Crypto Overview
Overview
Oshi Token (OSHI) is a cryptocurrency launched on the Bitcoin network via an Ordinals inscription. It functions as a BRC-20 token, which is a new experimental token standard on Bitcoin.
Purpose and Utility
The primary stated purpose of OSHI is to serve as a meme token that celebrates Bitcoin culture and the emerging Ordinals ecosystem. While it doesn't claim sophisticated utility, it represents actual ownership of inscribed data on the Bitcoin blockchain.
Business Model and Operations
The token operates through the BRC-20 standard, allowing for transfer and ownership of tokens on Bitcoin. The project maintains transparency in its simple approach as a community-driven meme token.
Development and Community
The project maintains an active presence on social media platforms and has garnered attention within the Bitcoin Ordinals community. Being a BRC-20 token, its technical foundation relies on the Bitcoin network's security and decentralization.
Token Distribution
OSHI follows a fair launch model with no pre-mine or team allocation. The token was made available through public minting, allowing for broad initial distribution.
Revenue Model
The project does not involve lending, interest-bearing products, or other mechanisms that would raise Islamic finance concerns. Trading occurs through direct peer-to-peer exchange of tokens.
Crypto Impact
To assign a comfort level investing in Oshi Token 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 Oshi Token.
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.