Koda Cryptocurrency
Crypto Overview
Purpose and Utility
KODA is a cryptocurrency project built on the Binance Smart Chain (BSC) that aims to support animal welfare causes. The project claims to donate a portion of transaction fees to animal shelters and welfare organizations.
Business Model Analysis
The token operates with a tax on transactions, with a portion allocated to charitable donations, marketing, and development. The basic token transfer and charitable giving aspects align with Islamic principles, though the specific implementation of transaction fees requires scrutiny.
Real-World Adoption
The project has shown limited real-world adoption, with most activity centered around trading on decentralized exchanges. While there are claims of charitable donations, verification of these activities has been challenging due to limited transparency in public documentation.
Platform Development
Development activity appears minimal based on public repositories and community updates. The project's focus seems to be primarily on marketing and community building rather than technical development.
Token Distribution and Governance
Initial token distribution details and current holder statistics are available through blockchain explorers, though comprehensive vesting schedules and lock-up periods are not clearly documented in public materials.
Crypto Impact
To assign a comfort level investing in Koda Cryptocurrency 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 Koda Cryptocurrency.
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.