Shiba Inu
Crypto Overview
Purpose and Utility
SHIB was created in August 2020 as an Ethereum-based meme token, initially inspired by Dogecoin. The project has evolved to become an ecosystem that includes a decentralized exchange (ShibaSwap), NFT platform, and various other decentralized applications.
Current Utility and Developments
The Shiba Inu ecosystem now includes: ShibaSwap DEX allowing token swaps and liquidity provision, Shiboshi NFTs, and the recent launch of Shibarium (layer-2 scaling solution). The project has also expanded into gaming with the development of Shiba Eternity and is working on a metaverse project.
Real-World Adoption
SHIB has achieved significant merchant adoption, with over 600 merchants accepting it as payment through platforms like NOWPayments and BitPay. Major retailers and services including GameStop, AMC Theatres, and Newegg have integrated SHIB payments.
Platform Development
The ecosystem shows active development with the launch of Shibarium in August 2023, consistent updates to ShibaSwap, and ongoing metaverse development. The developer community maintains regular GitHub activity.
Token Distribution and Governance
Initially, 50% of SHIB tokens were sent to Vitalik Buterin's wallet (who burned 90% and donated the rest to charity). The remaining supply is distributed among holders, with no significant founder allocation identified.
Revenue Model
The ecosystem generates revenue through trading fees on ShibaSwap, NFT sales, and gaming transactions. These mechanisms don't involve interest-bearing products or lending.
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How this website change the mind of uncomfortable and questionable coins? Previously Israeli coins were uncomfortable, but now how comfortable? How this website think tank change? Previously gaming and memestokens were questionables. Now how comfortable?
agreed
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salam alaikum, i want to start by appreciating your effrots. the PIF team has been doing some very hardwork to let the ummah know of the crypto that are halalto invest in. my question is, some days back(getting to a week or two now) some reports regarding the halal status of some meme coins was made available, i went through them and the reason behind PIF's rating. Alhamdullilah, i found some very interesting things i learnt but recently, i have been trying to look for some meme coins and i cannot find their report. my question is what is the reason for retracting the reports, as i have bought some earlier and i dont know what to do nw. pls respond to a brother in need if you see this message.
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Please verify if it's halal or haram
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what about brett meme coin. You should also it to the list
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Salam Alikom. Last video of you stated that Shiba Inu is comfortable; so please update accordingly. Also, please add the BOME to the list since it's gaining alot of popularity.
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It’s meme coin.it can be used as a payment method
what about trading for a short peroid of time
Salam brother, we have rated most meme coins as questionable if you see a utility in one of these coins then you can invest in it otherwise don't and itdepends on your intention.
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Please update Shiba to Halal since you mentioned that in your recent video. Thanks
Salam brother, we doesn't say halal or haram because these words need divine revelation, we use comfortable, questionable and uncomfortable, so we have rated most meme coins as questionable ifyou see a utility in one of these coins then you can invest in it otherwise don't and it depends on your intention.
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Why is Inu questionable, but doge comfortable aren't they both meme coins driven by the community, so they would have the same ruling? ( i.e either both comfortable or bothquestionable)
bro some meme coins also collab with haram projects like bonk so check all meme coins about section on coin market cap on other hands some meme coins doe's nothave any work in their back like other alt coins that's why their is a lot of chances to loss money
In PEPE there is comments that say DOGE has a utility because it can be used as payment method.
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