Akita Inu
Crypto Overview
Overview
Akita Inu (AKITA) is a meme cryptocurrency created in 2021 as a self-proclaimed 'experiment in decentralized spontaneous community building' and inspired by Dogecoin and Shiba Inu. Initially launched on the Ethereum blockchain, it later also became available on other networks.
Intended Utility
The project claims to serve as a decentralized meme token with community governance features. However, unlike other meme tokens that later developed concrete use cases, AKITA has maintained minimal utility beyond trading and speculation.
Actual Utility Assessment
Current on-chain data shows extremely low genuine utility beyond trading activity. The project has no significant partnerships, minimal development activity, and lacks substantial real-world applications.
Token Distribution Analysis
The initial token distribution included sending 50% of the supply to Vitalik Buterin's wallet (which he later donated to charity) and the remaining 50% locked in Uniswap liquidity. While this suggests some level of fairness in distribution, the project's development and marketing activities have been minimal to non-existent in recent months.
Technical Implementation
AKITA is an ERC-20 token with basic functionality. The smart contract includes no special features beyond standard token operations. There is no active development team maintaining or upgrading the protocol.
Crypto Impact
To assign a comfort level investing in Akita Inu 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 Akita Inu.
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.