Cats (catshouse.live)
Crypto Overview
Project Overview
CATS is a meme cryptocurrency launched on the Solana blockchain that centers around a cat theme. The project was launched in late 2023 and aims to build a community around cat-lovers and meme enthusiasts.
Purpose and Utility
The primary stated purpose of CATS is to serve as a meme token that brings together cat enthusiasts in the crypto space. The project features cat-themed NFTs and aims to create a social community around the token.
Business Model Analysis
The project operates primarily as a community-driven meme token. The main activities involve trading of the token and participation in the community. There is no evidence of involvement in prohibited activities such as gambling, interest-based lending, or adult content.
Development and Platform Activity
The project maintains an active social media presence and community engagement. While the utility is limited primarily to trading and community participation, this doesn't impact its halal status as real asset ownership and transfer occurs with each transaction.
Token Distribution and Founders
The token launched through fair launch mechanics, meaning no pre-mine or team allocation. This reduces concerns about founder enrichment schemes. Trading occurs on decentralized exchanges where actual token ownership transfers take place.
Crypto Impact
To assign a comfort level investing in Cats (catshouse.live) 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 (catshouse.live).
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.