Shinobi
Crypto Overview
Purpose and Utility
Shinobi (NINJA) is a cryptocurrency that was created on the Ethereum blockchain as an ERC-20 token. The project claims to be focused on creating a decentralized ecosystem for gaming and NFTs.
Business Model Analysis
The token's primary stated use case is to serve as a utility token within their proposed gaming ecosystem. However, current analysis shows very limited development activity and implementation of these stated goals.
Real-World Adoption and Usage
Current on-chain data shows extremely low trading volume and limited holder activity. The project has not demonstrated significant progress in implementing its gaming ecosystem plans.
Platform Development
The project's GitHub repository shows minimal recent development activity. The promised gaming platform and NFT marketplace features have not materialized in any substantial way.
Token Distribution
Information about token distribution and vesting schedules is limited. There is insufficient transparency regarding token allocation between team members, development fund, and public circulation.
Crypto Impact
To assign a comfort level investing in Shinobi 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 Shinobi.
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.