Based Peaches
Crypto Overview
Overview
Based Peaches (PEACH) is a cryptocurrency launched as a meme token on the Solana blockchain. It gained attention in February 2024 following successful meme token movements in the Solana ecosystem.
Purpose and Utility
The token appears to be primarily designed as a community-driven meme token without explicit utility beyond trading and community participation. The project does not claim any specific technological innovations or use cases.
Business Model and Operations
Based Peaches operates as a standard fungible token on Solana, allowing for peer-to-peer transfers and trading. There is no evidence of involvement in prohibited activities such as gambling, interest-bearing products, or adult content.
Real-World Adoption
The token has achieved listing on several decentralized exchanges (DEXs) on Solana, enabling trading between willing participants. Trading represents the primary activity for the token.
Development Activity
As a simple fungible token, Based Peaches does not require significant ongoing development. The token contract appears to be standard and secure.
Token Distribution
Initial token distribution and launch details are publicly available through blockchain explorers, though specific allocation to founders is not clearly documented.
Crypto Impact
To assign a comfort level investing in Based Peaches 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 Based Peaches.
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.