Ryoshi Token
Crypto Overview
Overview
Ryoshi Token (RYOSHI) is an ERC-20 token launched on the Ethereum blockchain. The project purports to be named after the pseudonymous creator of Shiba Inu, though it has no official connection to SHIB or its founder.
Purpose and Utility
The stated purpose of Ryoshi Token is to serve as a community-driven cryptocurrency with deflationary tokenomics. The token claims to implement a burn mechanism where a portion of each transaction is permanently removed from circulation.
Business Model Analysis
The token appears to function primarily as a speculative trading vehicle. While it implements basic tokenomics features like burns and redistribution, there is limited evidence of substantial real-world utility beyond trading.
Development and Adoption
The project shows minimal recent development activity on public repositories. Community engagement appears to be focused mainly around price discussion and trading.
Token Distribution and Founder Analysis
Detailed information about token distribution and founder allocations is limited in publicly available sources. The project's marketing appears to heavily leverage the Ryoshi name recognition, though there is no verified connection to the original Ryoshi.
Crypto Impact
To assign a comfort level investing in Ryoshi Token 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 Ryoshi Token.
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.