ArbiNYAN
Crypto Overview
Overview
ArbiNYAN is a meme cryptocurrency that launched on the Arbitrum network in September 2021. It was created as a community-driven project featuring a Nyan Cat theme.
Purpose and Utility
The token was designed primarily as a community token with basic functionality for trading and holding. It does not claim sophisticated utility beyond serving as a tradeable digital asset on the Arbitrum network.
Business Model
ArbiNYAN operates as a simple ERC-20 token without complex mechanisms like lending or gambling features. The primary activity involves direct peer-to-peer trading of the token.
Real-World Adoption
The token saw initial trading activity during its launch period but has since experienced significantly decreased trading volume. Current usage appears to be limited primarily to speculative trading among remaining holders.
Platform Development
There is minimal ongoing development activity. The project appears to be in maintenance mode with no significant technical updates or ecosystem expansion.
Token Distribution
Initial token distribution included a fair launch mechanism where tokens were distributed to users who participated in yield farming. No significant founder allocation was identified in the initial distribution.
Crypto Impact
To assign a comfort level investing in ArbiNYAN 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 ArbiNYAN.
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.