TUBES
Crypto Overview
Overview
TUBES is a cryptocurrency built on the Ethereum blockchain that appears to be designed as a meme token. After reviewing available information, there is very limited public documentation about its intended utility or purpose.
Platform and Development Activity
The token exists as an ERC-20 contract on Ethereum, but there does not appear to be significant development activity or a clear roadmap.
Token Distribution and Business Model
Information about token distribution and the business model is not readily available through public sources. The token appears to primarily be traded on decentralized exchanges.
Real World Adoption
Current usage appears to be primarily focused on trading activity rather than any specific utility case. However, trading of actual tokens with ownership transfer is occurring.
Assessment of Founders' Enrichment Risk
Due to limited transparent information about the team and token distribution, we cannot make a definitive assessment about founder enrichment risks. However, the mere existence of such risks does not make the token haram.
Crypto Impact
To assign a comfort level investing in TUBES 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 TUBES.
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.