Akita Inu
Crypto Overview
Purpose and Utility
Akita Inu (AKITA) was created in 2021 as a meme cryptocurrency inspired by the Akita Inu dog breed, similar to Dogecoin and Shiba Inu. The project positions itself as a community-driven token with no predefined utility beyond serving as a tradeable digital asset.
Business Model and Operations
The token operates on the Ethereum blockchain as an ERC-20 token. There is no complex business model - it functions primarily as a tradeable digital asset. The project does not involve any interest-bearing mechanisms, lending protocols, or gambling features.
Real-World Adoption
Current usage is primarily centered around trading on decentralized exchanges. While adoption is limited, this doesn't impact its Sharia compliance status.
Development Activity
The project has minimal ongoing development activity, which is consistent with its simple nature as a tradeable token. The smart contract is verified on Etherscan and follows standard ERC-20 implementation.
Token Distribution
The token was launched with a fair distribution model where 50% of the supply was sent to Vitalik Buterin's wallet (who subsequently burned most of it) and 50% was provided as liquidity on Uniswap. There was no pre-mine or founder allocation.
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.