Shib Army
Crypto Overview
Overview
SHIBARMY is a meme token launched in the cryptocurrency market as part of the broader Shiba Inu ecosystem. The token positions itself as a community-driven project drawing inspiration from the popular SHIB token.
Purpose and Utility
The primary stated purpose of SHIBARMY is to serve as a tradeable digital asset within the cryptocurrency ecosystem. The token does not claim any specific technological utility beyond being a tradeable digital asset.
Business Model and Operations
SHIBARMY operates on the Ethereum blockchain as an ERC-20 token. The project's business model primarily revolves around facilitating peer-to-peer trading of the token. There is no evidence of involvement in prohibited activities such as gambling, interest-based lending, or adult content.
Development and Adoption
The project shows minimal development activity beyond token creation and basic smart contract deployment. Trading occurs primarily on decentralized exchanges (DEXs).
Token Distribution and Founder Analysis
The token's distribution appears to follow standard practices for meme tokens, with trading primarily driven by community participation. There is no evidence of unusual token concentration among founders or development team.
Crypto Impact
To assign a comfort level investing in Shib Army 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 Shib Army.
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.