Shido [New]
Crypto Overview
Overview
Shido is a recently launched cryptocurrency on the Ethereum blockchain that presents itself as a community-driven token with elements of meme culture and gaming integration aspirations. The project claims to be building a gaming ecosystem, though specific details about implementation remain limited.
Purpose and Utility
The stated purpose of Shido includes facilitating transactions within a planned gaming ecosystem and serving as a community token. However, current utility appears primarily focused on trading and speculation.
Business Model Analysis
The project's business model centers around community engagement and potential gaming integrations. No direct involvement in prohibited activities like gambling, interest-based lending, or adult content has been identified.
Development and Platform Activity
The project is in its early stages, with development primarily focused on community building and marketing. While technical development appears limited, this is not uncommon for new projects.
Token Distribution
Token distribution information indicates a portion allocated to the team and development, with the majority distributed to the public through various mechanisms. Specific vesting details are not publicly available.
Marketing and Development Balance
The project currently shows a stronger emphasis on marketing and community building compared to technical development. While this may raise concerns about long-term sustainability, it does not inherently affect halal status.
Crypto Impact
To assign a comfort level investing in Shido [New] 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 Shido [New].
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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