WeWillRugYou
Crypto Overview
Token Analysis
Based on the name 'WeWillRugYou' (WWRY), this cryptocurrency appears to be explicitly advertising itself as a scam, with 'rug' referring to a 'rug pull' - a type of exit scam where developers abandon the project and steal investor funds.
Purpose and Utility
The token name itself indicates no legitimate utility is intended. This appears to be designed purely as a scheme to deceive investors, which directly violates Islamic principles of honest dealings and prohibition of gharar (deception).
Business Model
The business model appears to be based entirely on deceiving investors through an upfront admission of fraudulent intent, likely attempting to play it off as humor while actually intending to execute the promised scam.
Development Activity
Given the nature of this token, any technical development would likely be minimal and focused solely on enabling the token sale and subsequent abandonment.
Token Distribution
While specific token distribution details are not available, the project's stated intent suggests founders likely maintain significant control to facilitate the promised 'rug pull'.
Crypto Impact
To assign a comfort level investing in WeWillRugYou 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 WeWillRugYou.
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.