Sheboshis
Crypto Overview
Overview
Sheboshis ($SHEB) appears to be a meme token launched recently. Due to its novelty, there is limited publicly available information about this cryptocurrency and its specific use cases.
Purpose and Utility
From the available information, Sheboshis appears to be primarily focused on community engagement and trading. Like many meme tokens, it likely aims to create a community-driven ecosystem.
Business Model Assessment
The business model appears to be primarily based on trading and community growth. While limited information is available about specific utility beyond trading, this alone does not make it non-compliant from a Shariah perspective as long as actual token ownership is transferred in trades.
Real-World Adoption
As a new token, adoption metrics are currently limited. However, this is not inherently problematic from a Shariah compliance perspective.
Platform Development
Development activity and ecosystem information is minimal at this stage, which is typical for new meme tokens. This does not affect Shariah compliance as long as the token transfer mechanism works as intended.
Token Distribution and Vesting
Detailed information about token distribution and vesting schedules is not readily available. This lack of information should prompt users to conduct their own due diligence, but does not automatically make the token non-compliant from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in Sheboshis 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 Sheboshis.
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.