DogWifNoHat
Crypto Overview
Overview
DogWifNoHat (NOHAT) is a meme cryptocurrency launched in December 2023 on the Solana blockchain. The project was inspired by a viral image of a Shiba Inu dog without a hat, which became a popular internet meme.
Purpose and Utility
The primary stated purpose of NOHAT is to serve as a community-driven meme token, focusing on creating an engaging social media presence and fostering a strong community. The token has no explicit technical utility beyond serving as a tradeable digital asset on the Solana blockchain.
Business Model and Operations
The project operates primarily through social media engagement and community building. There is no formal business structure or complex tokenomics beyond basic token trading functionality. The token can be freely traded on various decentralized exchanges on Solana.
Development and Platform Activity
The project maintains active social media presence, particularly on Twitter/X. There is limited technical development as the token operates as a standard SPL token on Solana.
Token Distribution
The token launched with a fair distribution model where tokens were made available for trading on decentralized exchanges. There was no pre-sale or team allocation, suggesting a relatively fair launch structure.
Crypto Impact
To assign a comfort level investing in DogWifNoHat 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 DogWifNoHat.
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.