GM
Crypto Overview
GM is a viral meme token launched on September 28, 2023, on the Base blockchain network. The token's name comes from the crypto community's popular greeting 'GM' (Good Morning), which has become a cultural phenomenon in Web3 circles.
Purpose and Utility: The GM token serves primarily as a social experiment and community token. Its main utility comes from being a tradeable digital asset that represents participation in the 'GM' culture of crypto communities. While it doesn't offer complex technological features, it functions as a medium of exchange and store of value within its ecosystem.
Business Model: The token operates on a simple model of free market trading. There are no interest-bearing mechanisms, lending protocols, or gambling features built into the token's smart contract. The project generates no direct revenue, and token transfers are purely peer-to-peer.
Real-World Adoption: GM has gained significant traction within the crypto community, with substantial trading volume on decentralized exchanges like Uniswap. The token has attracted a large following and maintains active social media presence.
Development Activity: The token's smart contract is basic by design, requiring minimal ongoing development. There is no roadmap for additional features or technological development, which aligns with its straightforward purpose as a community token.
Token Distribution: The token launched with no pre-mine, no team allocation, and no venture capitalist allocation. 100% of the tokens were made available to the public at launch, creating a fair distribution model.
Crypto Impact
To assign a comfort level investing in GM 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.
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.