Shiba Predator
Crypto Overview
Project Overview
Shiba Predator (QOM) is an ERC-20 token launched in 2022 as a meme cryptocurrency on the Ethereum blockchain. The project positions itself as a competitor to Shiba Inu (SHIB), attempting to capitalize on the meme coin trend.
Intended Utility
The stated purpose of QOM is primarily as a community-driven token with aspirations for decentralized finance (DeFi) applications. However, the project lacks clear documentation of specific use cases or technical development roadmap.
Actual Utility Analysis
On-chain analysis reveals that QOM is predominantly used for speculative trading rather than any practical applications. There is minimal evidence of active development or implementation of promised features. The project's social media presence focuses heavily on price action and marketing rather than technological development.
Token Distribution and Governance
The token distribution shows concerning patterns with a significant portion of tokens concentrated among a small number of addresses. There is limited transparency regarding team token allocations and vesting schedules. The project's governance structure is not well-documented.
Development Activity
There is minimal verifiable development activity on the project's GitHub repositories. The project appears to rely more on social media marketing than technical development.
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”.
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