Sam Bankmeme-Fried
Crypto Overview
Project Overview
SBF (Sam Bankmeme-Fried) is a memecoin created in late 2023 that appears to be a satirical token referencing the former FTX CEO Sam Bankman-Fried. The token has no stated technological utility beyond being a meme asset and serving as a medium of transfer between willing participants.
Intended Purpose & Actual Usage
The token's creators have been transparent that this is purely a memecoin with no utility beyond trading and community participation. Current usage aligns with this stated purpose, as it primarily serves as a tradeable digital asset.
Business Model & Technology
SBF operates as an ERC-20 token on the Ethereum blockchain. There is no complex business model or technological development - it functions simply as a transferable digital asset.
Token Distribution & Governance
Based on available blockchain data, the token appears to have a relatively fair distribution model with no significant concentration among founders. No predatory vesting schedules or concerning token distribution patterns have been identified.
Platform Activity
The token exists primarily on decentralized exchanges and operates as intended - allowing peer-to-peer transfers of a digital asset. While trading volume may be volatile, this does not impact its halal status.
Crypto Impact
To assign a comfort level investing in Sam Bankmeme-Fried 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 Sam Bankmeme-Fried.
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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