dogwifhat
Crypto Overview
Overview
Dogwifhat (WIF) is a meme cryptocurrency launched on the Solana blockchain in December 2023. The project's name and branding are based on a meme featuring a dog wearing a winter hat.
Purpose and Utility
The token was created primarily as a community-driven meme coin without any explicit technological utility beyond being a tradeable digital asset on the Solana network. The project has gained significant community following and engagement on social media platforms.
Business Model and Operations
The token operates as a standard SPL token on Solana, allowing for peer-to-peer transfers and trading. There is no lending, staking, or interest-bearing components in the core protocol. The project maintains active social media presence and community engagement.
Token Distribution
The total supply is 1,000,000,000 WIF tokens. Based on available data, there was no pre-mine or team allocation, with tokens being fairly distributed through decentralized exchanges. The contract doesn't contain any special privileges for the developers.
Development and Community Activity
While primarily a meme token, the project maintains active community engagement and social media presence. The primary activity revolves around trading and community building rather than technical development.
Crypto Impact
To assign a comfort level investing in dogwifhat 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 dogwifhat.
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.