Cat wif Hands
Crypto Overview
Overview
Cat wif Hands (CATWIF) is a meme cryptocurrency launched in 2024 on the Solana blockchain, inspired by an internet meme featuring a cat with human-like hands. The token has primarily gained attention through social media and community engagement.
Purpose and Utility
The stated purpose of CATWIF is to serve as a community-driven meme token. Like many meme tokens, its primary utility lies in its transferability and tradability on decentralized exchanges. The project does not claim any advanced technological features or complex use cases.
Business Model
The token operates as a simple transferable digital asset on the Solana blockchain. There are no lending, staking, or gambling mechanisms built into the token's smart contract. The project generates no direct revenue, and token transfers do not involve interest or prohibited activities.
Adoption and Usage
CATWIF has attracted a community of holders and traders. Trading primarily occurs on decentralized exchanges like Jupiter and Raydium. The token's usage aligns with its intended purpose as a tradable digital asset.
Development Activity
As a meme token, CATWIF has minimal technical development requirements. The token contract is deployed and functional, allowing for basic transfer and trading functionality.
Token Distribution
The token contract shows no signs of features that would make it inherently haram, such as automatic interest generation or gambling mechanics. The distribution appears to follow standard fair launch practices on Solana.
Crypto Impact
To assign a comfort level investing in Cat wif Hands 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 Cat wif Hands.
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.