Feels Good Man
Crypto Overview
Overview
Feels Good Man (FGM) is a meme cryptocurrency launched in 2023, inspired by the popular Pepe the Frog meme. The project aims to create a community-driven token celebrating meme culture.
Purpose and Utility
The primary stated purpose of FGM is to serve as a medium of exchange within its community and as a speculative digital asset. The token currently operates on the Ethereum blockchain as an ERC-20 token.
Business Model & Operations
The project operates primarily as a community-driven meme token. There is no lending, staking, or interest-bearing component to the token's functionality. Trading occurs on decentralized exchanges where actual token ownership is transferred between parties.
Development & Activity
The project maintains basic token functionality without complex smart contracts or additional features that could raise sharia compliance concerns. There is no evidence of gambling mechanisms or interest-based systems within the token's smart contract.
Token Distribution
The token distribution appears to follow a fair launch model, with no pre-mine for the development team. Liquidity is provided through decentralized exchanges where actual token ownership transfers occur.
Crypto Impact
To assign a comfort level investing in Feels Good Man 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 Feels Good Man.
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.