Ryoshis Vision
Crypto Overview
Overview
Ryoshis Vision (RYOSHI) is an ERC-20 token launched on the Ethereum blockchain in 2021. It was created as part of the Shiba Inu ecosystem but operates independently.
Purpose and Utility
The stated purpose of Ryoshis Vision is to serve as a decentralized currency and utility token within its ecosystem. The project aims to develop various use cases including NFT gaming, music streaming platform, and decentralized exchange integration.
Current Usage
The token is primarily used for trading and as a medium of exchange. The project has developed some basic utility through NFT launches and partnerships with music artists, though adoption remains limited.
Business Model and Development
The project maintains active development with regular updates to their roadmap. The team has implemented token burning mechanisms and rewards for holders. While marketing is prominent, there is evidence of ongoing technical development.
Token Distribution
Initial token distribution included a fair launch with no pre-sale or team allocation. 50% of the total supply was burned at launch, with additional regular burns implemented through transactions. This structure suggests a relatively fair distribution model.
Platform Activity
Development activity is moderate, with regular updates to the ecosystem. The project maintains active social media presence and community engagement. While utility features are still in development, there is consistent progress on roadmap items.
Crypto Impact
To assign a comfort level investing in Ryoshis Vision 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 Ryoshis Vision.
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.