RichQUACK.com
Crypto Overview
Project Overview
RichQUACK.com is a BEP-20 token launched on the Binance Smart Chain. The project markets itself as a community-driven token with deflationary mechanisms, including automatic liquidity generation and token burns.
Purpose and Utility
The stated purpose of QUACK includes serving as a medium of exchange within its ecosystem and implementing deflationary tokenomics through automatic burns and redistribution mechanisms. The project claims to focus on community building and decentralized governance.
Business Model Analysis
The token implements a tax on transactions that is distributed among holders, sent to a burn wallet, and added to the liquidity pool. This mechanism does not inherently conflict with Islamic principles as it represents a clear exchange of value and ownership.
Real World Adoption
The project has established a community presence, primarily focused on trading and holding. While utility beyond trading is limited, this does not impact its permissibility from an Islamic perspective as real asset ownership and transfer occurs.
Platform Development
Development activity appears to be primarily focused on community engagement and marketing rather than technical development. However, this does not affect its halal status as the basic token functionality operates as intended.
Token Distribution
The token follows a standard distribution model with public trading on decentralized exchanges. While detailed founder allocation information is limited, the token transfer mechanisms are transparent and verifiable on-chain.
Crypto Impact
To assign a comfort level investing in RichQUACK.com 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 RichQUACK.com.
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.