Hello guys,
Suppose i have a bot that i coded that snipe new tokens(any tokens,memecoins or stuff like that)hat been created before everyone else,and i can buy early,and sell It After few minutes,for big profit,is this halal or haram?
Hope in a clear answer.
Salam 3alaikom
There is a lot of interest in getting in early on new tokens, and from what I have seen I would separate this into two buckets:
1. Memecoins with no use, value, history, documentation, credibility etc.
I have been watching some of this craziness where you can gain over 100% return several times a day, but with small numbers using dexscreener with some bots.
My 4 pretend trades in one day made well over 400% combined, without much effort! This seemed too good to be true…. And guess what?
It is!
Ok, think about this, if you dont care who created it, what its for, if it has any real world value, and you have no intention of hanging on to it for more than a few minutes, are you not just speculating? Thats just a fancy way of saying Gambling, which isnt permissable, so put the bot to better use.
2. Actual projects with known founders, credible investors, value proposition, tech etc.
These projects take a lot of research and effort before making an investment decision, as you are in effect buying into the business, so this type of new token sits well with me personally as its comparable to any early stage business investment, which is permissable. Of course, the coin/ project should be involved in halal activities.
Hope that helps.
