Pizza (Ordinals)
Crypto Overview
Overview
Pizza is a BRC-20 token on the Bitcoin network launched through the Ordinals protocol. It was created in 2023 as one of many experimental tokens utilizing Bitcoin's inscription capability to create fungible tokens.
Purpose and Utility
The primary stated purpose appears to be experimentation with BRC-20 token capabilities on Bitcoin, though specific utility claims are limited. Like many BRC-20 tokens, it functions primarily as a tradeable digital asset on the Bitcoin network.
Business Model and Platform Activity
The token operates purely as a tradeable digital asset inscribed on Bitcoin. There is no formal business model or additional utility layer beyond asset transfer capabilities. Development activity appears minimal as the token operates through the existing BRC-20 standard.
Distribution and Governance
Information about initial distribution and current token holdings is limited due to the experimental nature of BRC-20 tokens. The token appears to have been distributed through a fair launch mechanism typical of BRC-20 tokens.
Actual Usage
Current usage appears to be primarily trading-focused between willing parties who take actual ownership of the tokens. While speculative in nature, the trading involves real asset transfers rather than zero-sum betting.
Crypto Impact
To assign a comfort level investing in Pizza (Ordinals) 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 Pizza (Ordinals).
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.
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