Shiba Predator
Crypto Overview
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 other dog-themed tokens like Shiba Inu.
Intended Utility
The primary stated purpose of QOM is to serve as a community-driven cryptocurrency with basic token functionalities for trading and transfers. The project does not claim any complex technological utilities beyond being a tradeable digital asset.
Actual Utility
The token functions as designed for basic transfers and trading on decentralized exchanges. Trading volume and holder data indicate the token is actively used for its intended purpose, though primarily for trading rather than payments or other utilities.
Token Distribution and Leadership
The token launched with no pre-mine or developer allocation, with 100% of tokens distributed to the public through decentralized exchange liquidity pools. This distribution model reduces the risk of founder enrichment schemes.
Technology Assessment
QOM operates as a standard ERC-20 token with no lending, staking, or interest-bearing mechanisms that would raise Sharia compliance concerns. The underlying smart contract has been audited and follows standard token implementation practices.
Industry Focus
The project does not facilitate or promote any prohibited activities under Islamic law. Its core function as a tradeable digital asset does not inherently conflict with Sharia principles.
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.