PLEBToken
Crypto Overview
Purpose and Intended Use
PLEBToken (PLEB) is a Bitcoin Ordinals-based BRC-20 token that positions itself as a meme token celebrating the Bitcoin community's 'plebs' - everyday Bitcoin enthusiasts. The token has no explicit utility beyond community engagement and trading.
Business Model
As a BRC-20 token, PLEB operates on the Bitcoin network through Ordinals inscriptions. The project does not appear to involve any inherently haram activities such as interest-bearing mechanisms, gambling, or prohibited industries.
Real-World Adoption
The token primarily exists as a tradeable asset on various decentralized exchanges that support BRC-20 tokens. Its main use case is trading and holding.
Platform and Development
Being a BRC-20 token, PLEB's technical functionality is limited to the basic transfer and holding capabilities inherent to the BRC-20 standard on Bitcoin. There is no additional development activity as the token serves its intended basic function.
Token Distribution
PLEB was launched with a fair mint mechanism where anyone could participate in minting the tokens. There was no pre-mine or team allocation, suggesting a fair distribution model.
Crypto Impact
To assign a comfort level investing in PLEBToken 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 PLEBToken.
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.