Boomer
Crypto Overview
Overview
BOOMER is a recently launched meme cryptocurrency on the Ethereum blockchain that gained attention in late 2023. It positions itself as a meme token celebrating the 'boomer' generation and internet culture.
Purpose and Utility
The primary stated purpose of BOOMER is to serve as a community-driven meme token. The token has no complex utility mechanisms beyond being a tradeable digital asset on the Ethereum blockchain. Like many meme tokens, its main use case is serving as a tradeable digital asset.
Platform and Development
BOOMER operates as an ERC-20 token on the Ethereum blockchain. The project maintains basic smart contract functionality for token transfers. There is limited development activity beyond the initial token deployment.
Token Distribution and Economics
The token has a total supply of 1,000,000,000,000 BOOMER tokens. The contract shows no special minting functions or hidden features that could be used maliciously. Token distribution appears to be primarily driven by market trading.
Real World Usage
Current usage primarily revolves around trading on decentralized exchanges like Uniswap. The token has gained some traction in the meme token community, with active trading volume and growing holder base.
Crypto Impact
To assign a comfort level investing in Boomer 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 Boomer.
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.