Solcasino Token
Crypto Overview
Overview
Solcasino Token (SCS) is a cryptocurrency explicitly created for and used within the Solcasino gambling platform, a decentralized casino built on the Solana blockchain.
Purpose and Utility
The token's primary purpose is to facilitate gambling activities within the Solcasino ecosystem. It serves as the primary currency for various casino games and betting activities on the platform.
Business Model Analysis
The business model is fundamentally based on gambling activities, which are explicitly prohibited in Islamic finance. The platform offers various casino games, sports betting, and other gambling-related activities, all of which constitute forms of Maysir (gambling) that are clearly forbidden in Islam.
Platform Activity and Development
The platform shows active development and usage within its intended gambling ecosystem, but this activity is focused entirely on prohibited activities.
Token Distribution and Governance
While the token distribution and technical aspects of the platform may be transparent, the core purpose and utility of the token remain centered around gambling activities.
Crypto Impact
To assign a comfort level investing in Solcasino Token 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 Solcasino Token.
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.