GM Wagmi
Crypto Overview
Overview
GM Wagmi (GM) is a meme cryptocurrency launched on the Solana blockchain that represents a casual greeting commonly used in the crypto community. The term 'GM' stands for 'Good Morning' while 'WAGMI' means 'We're All Gonna Make It'.
Purpose and Utility
The primary stated purpose of GM Wagmi is to serve as a community token celebrating crypto culture and the common greeting 'GM' used throughout the crypto space. The token facilitates value exchange between holders and serves as a speculative trading asset.
Business Model and Platform
The project operates as a standard Solana-based token with basic transfer and trading functionality. There is no complex business model beyond serving as a tradeable digital asset.
Development and Adoption
The project maintains basic token functionality on Solana. Trading occurs primarily on decentralized exchanges like Raydium and Jupiter.
Token Distribution
While detailed information about initial token distribution is limited, the token appears to follow standard fair launch practices on Solana with trading enabled through decentralized exchanges.
Assessment of Activities
The core function of GM Wagmi as a tradeable digital asset represents a permissible activity from an Islamic finance perspective, as it involves actual asset ownership and transfer of value between parties. The project does not engage in lending, gambling, or other prohibited activities.
Crypto Impact
To assign a comfort level investing in GM Wagmi 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 GM Wagmi.
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.