Shib2.0
Crypto Overview
Purpose and Utility
SHIB2.0 is a cryptocurrency project launched in 2023 that aims to be a community-driven token building upon the popularity of the original SHIB token. The project claims to focus on creating a decentralized ecosystem with planned utilities including gaming, NFTs, and a decentralized exchange.
Business Model Analysis
The token operates on the Ethereum blockchain as an ERC-20 token. Currently, its primary use appears to be trading and speculation, with promised utilities still in development. While the whitepaper outlines various planned features, most remain in early stages.
Real-World Adoption
Current adoption is primarily focused on trading activity across various decentralized exchanges. No significant partnerships or real-world applications have been implemented yet.
Development Activity
The project shows some development activity through their social media channels, though specific technical development milestones are not clearly documented.
Token Distribution
The token has a total supply of 999,999,999,999,999 tokens. Information about token distribution and potential lock-up periods is limited in transparency.
Revenue Model
The current revenue model appears to be based on trading activity and potential future ecosystem development. No lending or interest-bearing mechanisms have been implemented.
Crypto Impact
To assign a comfort level investing in Shib2.0 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 Shib2.0.
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.