YUMMY
Crypto Overview
Overview
YUMMY is a BSC (Binance Smart Chain) based cryptocurrency launched in 2021. The project initially started with a charitable focus, implementing a mechanism where a portion of transaction fees would be donated to charities fighting world hunger.
Purpose and Utility
The primary stated utility of YUMMY is as a governance and utility token within its ecosystem. The project has evolved to include NFT marketplaces and staking mechanisms. Transaction fees are distributed between charity donations, marketing, and token burns.
Business Model Analysis
The project operates through transaction fees on token transfers, with portions allocated to various purposes including charitable giving. The core business model does not involve inherently prohibited activities like gambling or interest-based lending.
Real World Adoption
The project has maintained some level of activity in charitable giving and community engagement, though usage metrics indicate limited mainstream adoption. The token continues to be actively traded on decentralized exchanges.
Development Activity
There is ongoing development activity, primarily focused on maintaining the core token functionality and expanding ecosystem features. The project team remains active in community engagement and project updates.
Crypto Impact
To assign a comfort level investing in YUMMY 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 YUMMY.
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.