Unisocks

Halal Rating :
Questionable
Last Price $22,244.10 Last updated:
Rank 1311
1D Change 0.00 %
Market Cap $6.72m
Circulating supply 302
Maximum supply 315

Crypto Overview

Categories
  • Collectibles & NFTs
  • DeFi

$SOCKS is a token that entitles you to 1 real pair of limited edition socks, shipped anywhere in the world. You can sell the token back at any time. To get a real pair, redeem a $SOCKS token. $SOCKS tokens are listed starting at $12 USD. Each buy/sell will move the price. The increase or decrease follows a bonding curve. $SOCKS will eventually find an equillibrium based on market demand. Buying or selling socks uses the uniswap protocol and accepts any token input as a payment method. The pool of SOCKS is a uniswap pool where 500 SOCKS tokens were deposited along with the starting value of ETH.

Crypto Impact

To assign a comfort level investing in Unisocks 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 Unisocks.

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.

Justification for our Halal Rating