cats (Ordinals)
Crypto Overview
Overview
CATS is a Bitcoin Ordinal project launched on the Bitcoin blockchain. Ordinals allow for inscribing digital assets directly onto Bitcoin satoshis, creating unique digital collectibles.
Purpose and Utility
The primary purpose of CATS is to serve as a digital collectible asset on the Bitcoin network through the Ordinals protocol. The project aims to create unique, tradeable digital art pieces representing cats that are permanently inscribed on individual satoshis.
Business Model
The business model revolves around creating and trading digital collectibles. The project does not involve any inherently prohibited activities like gambling, interest-based lending, or adult content. The trading of these digital assets involves actual ownership transfer of the inscribed satoshis.
Real-World Adoption
As a relatively new Ordinals project, CATS has seen trading activity primarily on Ordinals marketplaces. The project maintains transparency in its operations and token distribution.
Platform Activity
The project operates on Bitcoin's base layer through the Ordinals protocol, inheriting Bitcoin's security and decentralization properties. Each CATS ordinal represents actual ownership of a uniquely identifiable satoshi with the cat artwork inscription.
Token Distribution
The project follows a fair distribution model where users can mint or purchase CATS ordinals through various Ordinals marketplaces. There is no pre-mine or team allocation that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in cats (Ordinals) 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 cats (Ordinals).
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.