ShangXin QingWa
Crypto Overview
Project Overview
ShangXin QingWa (QINGWA) is a meme cryptocurrency inspired by frog-themed content that operates on the BNB Chain. The project appears to have launched in late 2023.
Stated Purpose & Utility
The cryptocurrency presents itself primarily as a community-driven meme token. From available information, it does not claim any specific utility beyond serving as a tradeable digital asset and fostering a community of holders.
Platform Activity
The token operates as a BEP-20 token on the BNB Chain, allowing for basic transfer and trading functionality. Trading activity occurs primarily on decentralized exchanges.
Token Distribution & Governance
Due to limited publicly available information, specific details about token distribution, team holdings, and vesting schedules cannot be definitively confirmed. The token appears to follow standard BEP-20 mechanics for transfers and trading.
Current Usage
The primary use case appears to be trading on decentralized exchanges. There is no evidence of gambling mechanics, lending protocols, or other potentially problematic features from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in ShangXin QingWa 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 ShangXin QingWa.
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.