AMERICAN CAT
Crypto Overview
Overview
AMERICAN CAT (CAT) is a cryptocurrency that operates on the Ethereum blockchain as an ERC-20 token. The project aims to create a community-focused cryptocurrency that promotes charitable donations to cat shelters and animal welfare organizations in the United States.
Purpose and Utility
The intended purpose of CAT token is to serve as a medium of exchange for donations to animal shelters and to create a community of cat lovers who can vote on which shelters receive donations. The token includes a mechanism where a percentage of each transaction is automatically directed to a charity wallet.
Business Model Analysis
The project's business model involves collecting transaction fees, of which: 3% goes to marketing, 2% is distributed to holders, and 2% is allocated to the charity wallet. The charity distributions are verifiable on-chain, providing transparency to token holders.
Real-World Adoption
While the project is relatively new, there is evidence of small charitable donations being made to animal shelters. The community actively participates in voting for recipient shelters through the project's social media channels.
Development Activity
The development team maintains regular updates through their social media channels, primarily focusing on community engagement and charitable giving initiatives. The smart contract has been audited by a third-party security firm.
Crypto Impact
To assign a comfort level investing in AMERICAN CAT 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 AMERICAN CAT.
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.