SafeBlast
Crypto Overview
Overview
SafeBlast (BLAST) is a BEP-20 token launched on the Binance Smart Chain. The project implements an automated token burning mechanism and redistribution system where each transaction incurs a fee that is partially burned and partially redistributed to existing holders.
Purpose and Utility
The primary stated purpose of SafeBlast is to create a deflationary token through systematic burning while rewarding holders through redistribution. The project aims to decrease the total supply over time while providing passive rewards to token holders.
Business Model Analysis
The token operates primarily as a store of value with deflationary characteristics. The redistribution mechanism does not involve lending or interest in the traditional sense, as the redistribution comes from transaction fees rather than lending activities. The token transfer and burning mechanisms are transparent and verifiable on the blockchain.
Development and Adoption
The project maintains basic token functionality on the Binance Smart Chain. The primary utility remains centered around the token's deflationary and redistribution mechanisms. While the project's development activity appears limited, this does not impact its Sharia compliance status.
Token Distribution
The token implements automatic liquidity generation and burn mechanisms. While detailed founder allocation information is not readily available, the token's smart contract functionality operates in a transparent manner on the blockchain.
Crypto Impact
To assign a comfort level investing in SafeBlast 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 SafeBlast.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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