Akita Inu
Crypto Overview
Overview
Akita Inu is a meme cryptocurrency created in 2021 as a fork of Dogecoin, running on the Ethereum blockchain. It was launched as a community-driven project with no pre-mine or developer allocation.
Purpose and Utility
The project claims to be a decentralized meme token that aims to facilitate peer-to-peer transactions and serve as a store of value. While initially launched without specific utility beyond trading and holding, the project has attempted to build a community-driven ecosystem.
Business Model and Platform
The token operates primarily as a trading asset on decentralized exchanges. There is no complex business model or revenue generation mechanism. The project relies heavily on community engagement and social media presence.
Development Activity and Adoption
Development activity has been minimal, with most updates focusing on community management and marketing rather than technical development. The token is primarily used for trading on various decentralized exchanges.
Token Distribution
50% of the total supply was sent to Vitalik Buterin's wallet (who subsequently burned them), and the remaining 50% was locked in Uniswap liquidity pools. This distribution model prevents founder enrichment as there was no pre-mine or team 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.