Buttercat
Crypto Overview
Project Overview
Buttercat ($BUTT) is a memecoin launched on the Solana blockchain in 2024. The project presents itself as a community-driven cryptocurrency with a cat-themed branding.
Purpose and Utility
The primary stated purpose of Buttercat is to serve as a medium of exchange and community token within its ecosystem. The token enables basic transfer of value between holders and can be traded on decentralized exchanges.
Business Model Analysis
The project operates as a standard fungible token on Solana, with minimal additional functionality beyond basic transfer and trading capabilities. No lending, staking, or interest-bearing mechanisms have been identified.
Development and Adoption
The project maintains minimal but active development, primarily focused on community building and marketing initiatives. While trading volumes indicate active market participation, specific utility implementations beyond trading remain limited.
Token Distribution
Based on available data, the token launched with a fair distribution model, with no pre-mine for the team. The initial liquidity was provided to decentralized exchanges, allowing for market-driven price discovery.
Crypto Impact
To assign a comfort level investing in Buttercat 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 Buttercat.
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.