Brett's cat
Crypto Overview
Overview
Brett's Cat (BALT) is a meme cryptocurrency launched in 2023 on the Solana blockchain. The project started as a community-driven token inspired by a cat owned by a Solana developer named Brett.
Purpose and Utility
The stated purpose of BALT is primarily as a community token that aims to bring together cryptocurrency enthusiasts, particularly those interested in the Solana ecosystem. While it began as a meme token, the project has developed some basic utility through community engagement and NFT initiatives.
Business Model and Operations
The token operates on a simple model of community ownership and trading. There are no lending protocols, interest-bearing mechanisms, or gambling features associated with the token. The project generates no direct revenue but relies on community growth and adoption.
Development and Platform Activity
The project maintains basic development activity, primarily focused on community engagement and NFT initiatives. While the development scope is limited, it doesn't involve any prohibited activities under Islamic law.
Token Distribution
The token distribution appears reasonably fair, with no excessive concentration among founders or early investors. There is transparency regarding token allocation and circulation.
Crypto Impact
To assign a comfort level investing in Brett's 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 Brett's 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.