SHPING
Crypto Overview
Overview
SHPING is a cryptocurrency token that powers the Shping platform, a blockchain-based product information and shopping rewards system. The platform allows consumers to scan product barcodes to access detailed information while earning SHPING tokens as rewards for engagement.
Purpose and Utility
The primary utility of SHPING tokens includes: Rewarding users for scanning products and providing reviews, Allowing brands to incentivize consumer engagement, Enabling merchants to run loyalty programs, and Facilitating payments within the Shping ecosystem.
Business Model Analysis
The business model appears to be focused on legitimate commerce and marketing activities. The platform connects consumers with brands and retailers in a transparent manner, with no evidence of involvement in prohibited activities like gambling or interest-based lending.
Adoption and Usage
The Shping app has seen real-world adoption, particularly in Australia where it originated. The platform has partnerships with various brands and retailers, though usage metrics are modest compared to larger platforms.
Development Activity
The project maintains regular development updates and platform improvements, with ongoing efforts to expand its merchant network and user base. The development team appears to be actively working on enhancing the platform's functionality.
Token Distribution
According to available data, the token distribution includes allocations for user rewards, platform development, and team members. While specific vesting details aren't fully public, there's no evidence of concerning concentration of tokens.
Crypto Impact
To assign a comfort level investing in SHPING 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 SHPING.
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.