Plebz
Crypto Overview
Project Overview
PLEB is a BRC-20 token on the Bitcoin network launched in 2023. The token aims to represent the 'plebeian' Bitcoin community - everyday Bitcoin users and advocates. As a BRC-20 token, it exists as a layer on top of Bitcoin's blockchain.
Utility Assessment
The token's primary stated utility is as a social token for the Bitcoin community. While the utility is limited, it involves actual ownership and transfer of digital assets on the Bitcoin network.
Business Model Analysis
The token operates on a simple transfer and ownership model typical of BRC-20 tokens. There are no apparent impermissible activities like gambling, interest-bearing mechanisms, or prohibited content involved in its core functionality.
Development and Adoption
As a BRC-20 token, PLEB operates on Bitcoin's established infrastructure. The token has seen trading activity on various decentralized exchanges that support BRC-20 tokens.
Token Distribution
The token follows a fair launch model where tokens were made available to the public without pre-mining or founder allocations, reducing concerns about founder enrichment schemes.
Crypto Impact
To assign a comfort level investing in Plebz 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 Plebz.
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.