reBaked
Crypto Overview
Project Overview
reBaked (BAKED) is a relaunch of the original BakedToken project, operating on the BNB Chain (formerly BSC). The project aims to create a decentralized ecosystem focused on cannabis-related businesses and services.
Purpose and Utility
The stated purpose of BAKED is to serve as a utility token within their ecosystem, facilitating transactions and governance for cannabis-related businesses. However, there is currently limited information available about active development or real-world implementation of these use cases.
Business Model Analysis
The token's primary business model involves connecting cannabis industry participants, though specific details about how this is implemented are scarce. While cannabis itself may be considered haram, the token's utility as a medium of exchange and governance mechanism does not inherently violate Islamic principles.
Development and Adoption
Current development activity appears minimal based on public information. The project's social media presence and community engagement are limited, making it difficult to assess actual adoption levels.
Token Distribution and Governance
Detailed information about token distribution and vesting schedules is not readily available, which creates some transparency concerns. However, this alone does not affect halal status as long as actual token ownership transfers occur in trades.
Crypto Impact
To assign a comfort level investing in reBaked 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 reBaked.
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.