SHIBA INU X
Crypto Overview
SHIBA INU X is a new token launched in the wake of the original SHIBA INU token's success. Based on available information, SHIBA INU X appears to be a cryptocurrency that aims to capitalize on the popularity of meme coins while claiming to offer additional utility through NFTs and gaming features.
Purpose and Utility
The stated purpose of SHIBA INU X involves creating a community-driven ecosystem with NFT integration and gaming elements. However, current usage primarily appears focused on trading activity.
Business Model Analysis
The project's business model centers around community engagement and speculative trading. While speculation itself is not haram, it's important to note that the actual utility features are still in early development stages.
Real-World Adoption
Current adoption is primarily centered around trading on various exchanges. While the project announces plans for future utility development, the present usage is mainly focused on trading activity.
Platform Development
Development activity appears to be ongoing, though specific details about the development team and roadmap implementation are limited. The project maintains active social media presence and community engagement.
Token Distribution
The token distribution model includes allocations for trading, liquidity pools, and future development. The project has implemented basic tokenomics typical of many new cryptocurrency projects.
Crypto Impact
To assign a comfort level investing in SHIBA INU X 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 SHIBA INU X.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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