Alan the Alien
Crypto Overview
Project Overview
Alan the Alien (ALAN) is a meme cryptocurrency launched on the Ethereum blockchain as an ERC-20 token. The project embraces a playful alien theme and positions itself primarily as a community-driven meme token.
Utility Assessment
The token's primary stated purpose is to serve as a medium of exchange within its community and as a speculative digital asset. The project does not claim complex utility beyond serving as a tradeable digital asset.
Platform Activity
Trading occurs primarily on decentralized exchanges like Uniswap. The token shows active trading volume and community engagement on social media platforms.
Token Distribution
Initial token distribution included a fair launch mechanism through decentralized exchanges. The project maintains transparency regarding token allocations and trading activities.
Development and Marketing
The project mainly focuses on community building and marketing efforts through social media presence. While development activity is limited, this aligns with its stated purpose as a meme token.
Evaluation of Activities
The token facilitates actual ownership transfer and trading of digital assets. No evidence has been found of the project engaging in gambling, interest-based lending, or other activities that would be concerning from an Islamic finance perspective.
Crypto Impact
To assign a comfort level investing in Alan the Alien 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 Alan the Alien.
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.