SafeMoon Inu
Crypto Overview
Purpose and Utility
SafeMoon Inu (SMI) was launched in 2021 as a meme token on the Ethereum blockchain. The project claims to be developing a play-to-earn gaming platform called SMI Play, where the token would serve as the in-game currency.
Business Model Analysis
The token operates primarily as a gaming and community token. The project collects a transaction tax that is meant to fund development and reward holders. The gaming platform, if developed as intended, would provide legitimate utility through game-based token usage.
Real-World Adoption
Current adoption appears limited primarily to trading on decentralized exchanges. While the gaming platform was announced, there is limited evidence of substantial development progress or active usage.
Development Activity
The project's development activity appears minimal based on public GitHub repositories and official announcements. The gaming platform development status is unclear.
Token Distribution and Founder Analysis
The token has a total supply of 1 quadrillion tokens. Initial liquidity was locked, though detailed information about current token distribution and team holdings is limited. The founders maintain some anonymity, which is common in the space but makes background verification challenging.
Crypto Impact
To assign a comfort level investing in SafeMoon Inu 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 SafeMoon Inu.
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.
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