Shiba Predator
Crypto Overview
Overview
Shiba Predator (QOM) is a meme cryptocurrency launched in 2022 as a competitor to Shiba Inu. It operates on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The stated purpose of QOM is to create a community-driven token that serves as a medium of exchange and store of value. The project aims to leverage the popularity of meme tokens while building a community-focused ecosystem.
Business Model and Platform
The token operates primarily as a tradable digital asset on various decentralized and centralized exchanges. While initially launched as a meme token, the project has attempted to build additional utility through community governance and potential future decentralized applications.
Development and Adoption
The project maintains basic development activity, primarily focused on community engagement and marketing. The token has achieved listing on several cryptocurrency exchanges, enabling trading functionality.
Token Distribution
The token features a decentralized distribution model, with no pre-mine for developers. The initial liquidity was locked, providing some protection against rug pulls. Trading volume primarily occurs on decentralized exchanges.
Revenue Model
The project does not involve interest-bearing mechanisms, lending, or explicit gambling features. The primary economic activity revolves around trading and holding the token.
Crypto Impact
To assign a comfort level investing in Shiba Predator 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 Predator.
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.