Gigachad (gigachadsolana.com)
Crypto Overview
Overview
Gigachad (GIGA) is a meme token launched on the Solana blockchain in November 2023. The project positions itself as a community-driven token celebrating the 'Gigachad' internet meme.
Purpose and Utility
The token's primary stated purpose is to serve as a community token and meme coin within the Solana ecosystem. The token has no complex utility mechanisms - it functions as a straightforward transferable digital asset.
Business Model and Activities
The project operates as a basic token with standard transfer and trading capabilities. There are no lending, staking, or gambling mechanisms built into the protocol. Trading occurs on decentralized exchanges where actual token ownership is transferred between parties.
Development and Platform Activity
The project maintains a basic website and social media presence. The token contract is a standard Solana Program Library (SPL) implementation with no additional complex functionality.
Token Distribution
The token was launched through standard decentralized exchange listings. While detailed token distribution metrics are not publicly available, the token follows a typical meme coin distribution model.
Current Usage
The primary current use case is trading on decentralized exchanges where actual token ownership transfers occur.
Crypto Impact
To assign a comfort level investing in Gigachad (gigachadsolana.com) 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 Gigachad (gigachadsolana.com).
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.