Shoki
Crypto Overview
Overview
Shoki is a meme cryptocurrency launched on the Solana blockchain that aims to combine entertainment value with community engagement. The project presents itself as a fun and community-driven token inspired by Japanese folklore.
Purpose and Utility
The primary stated purpose of SHOKI is to serve as a community token with social elements and potential future utility developments. Currently, its main use case is as a tradeable digital asset on various decentralized exchanges.
Business Model and Operations
The project operates primarily as a community-driven token with trading as its main activity. There is no evidence of involvement in inherently prohibited activities like gambling, interest-based lending, or adult content.
Development and Community Activity
The project maintains active social media presence and community engagement, though technical development appears limited. The token primarily exists as a basic SPL token on Solana with standard transfer and trading functionality.
Token Distribution
SHOKI's token distribution model appears relatively standard for meme tokens, with public trading making up the majority of token movement. While exact founder allocation details are not publicly available, there are no clear red flags in the token distribution model that would indicate a scheme designed purely for founder enrichment.
Crypto Impact
To assign a comfort level investing in Shoki 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 Shoki.
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.