Rekt (rektarb.xyz)
Crypto Overview
Purpose and Utility
REKT is a cryptocurrency project built on the Arbitrum network that aims to create a meme token with a focus on trading and community engagement. The project's website and documentation indicate it is primarily designed as a meme token with no complex utility beyond basic token transfers and trading.
Business Model Analysis
The token appears to function solely as a tradeable asset on decentralized exchanges. There is no evident lending, staking, or interest-bearing mechanism associated with the token. The project does not explicitly involve any haram activities like gambling or interest-based transactions.
Real-World Adoption
The token has achieved some trading volume on decentralized exchanges like Uniswap on Arbitrum. However, given its recent launch and meme token nature, adoption is primarily focused on trading activity rather than broader utility.
Platform Development
As a meme token, the project has minimal technical development requirements. The token contract appears to be a standard ERC-20 implementation on Arbitrum.
Token Distribution
The token launch was conducted through a fair launch mechanism, with no pre-mine or team allocation, suggesting a relatively fair distribution model.
Crypto Impact
To assign a comfort level investing in Rekt (rektarb.xyz) 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 Rekt (rektarb.xyz).
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.