Tate Stop
Crypto Overview
Overview
Tate Stop (TME) is a cryptocurrency that was created in late 2023 as a satirical response to controversial internet personality Andrew Tate. The project's stated purpose is to raise awareness about misogyny and promote gender equality.
Purpose and Utility
The token's whitepaper indicates it aims to function as a governance token for community decisions and as a medium of exchange within its ecosystem. However, current usage appears to be primarily focused on trading.
Business Model Assessment
The project does not engage in any explicitly haram activities like gambling, interest-based lending, or adult content. The basic token trading and governance functionalities are permissible under Islamic finance principles.
Real-World Adoption
The token has gained some traction among cryptocurrency traders and social media users. While adoption is limited, this does not affect its Sharia compliance status.
Platform Development
Development activity appears to be focused on community building and marketing rather than technical development. The project maintains active social media presence and community engagement.
Token Distribution
According to available data, the token distribution includes: 40% for public sale, 20% for team/advisors (with 2-year vesting), 20% for marketing, and 20% for ecosystem development. The vesting schedule for team tokens provides some protection against immediate selling.
Crypto Impact
To assign a comfort level investing in Tate Stop 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 Tate Stop.
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.