Whales Market
Crypto Overview
Project Overview
WHALES token appears to be associated with WhalesMarket.com, a project that describes itself as leveraging tokenized assets across Web3 and NFT markets. However, I was unable to find sufficient reliable and verifiable information about this project's current operations, utility, or development status.
Limited Information
Despite research efforts, there is a concerning lack of transparency regarding: The project's founders and team members, Technical documentation and whitepaper details, Clear token distribution metrics, Verifiable development activity, Concrete use cases and adoption data.
Key Concerns
The absence of clear, verifiable information about fundamental aspects of the project raises significant red flags from an Islamic finance perspective. Without being able to verify the actual utility, business model, and token distribution, it becomes impossible to properly assess whether the project adheres to Shariah principles regarding transparency, fairness, and legitimate value exchange.
Crypto Impact
To assign a comfort level investing in Whales Market 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 Whales Market.
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.