Shibaken Finance
Crypto Overview
Project Overview
Shibaken Finance is a meme cryptocurrency created on the Ethereum blockchain, inspired by the Shiba Inu dog breed and following the trend of dog-themed tokens. The project was launched in 2021.
Purpose and Utility
Shibaken was created primarily as a community-driven meme token. Its stated purpose was to build a community around the token and potentially develop additional use cases, though specific utility beyond trading was not clearly defined in its initial launch.
Business Model Analysis
The token operates as a basic ERC-20 token on the Ethereum network. The primary activity appears to be trading on decentralized exchanges. There is no evidence of involvement in prohibited activities such as gambling, interest-bearing products, or adult content.
Development and Adoption
The project shows limited recent development activity. The token can be traded on decentralized exchanges, but there is minimal evidence of additional utility development or significant real-world adoption beyond trading.
Token Distribution
The token distribution information is publicly available through the blockchain, though detailed vesting schedules or lock-up periods are not clearly documented. The project appears to follow a fair launch model where tokens were made available to the public through decentralized exchanges.
Crypto Impact
To assign a comfort level investing in Shibaken Finance 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 Shibaken Finance.
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.