Gnomy
Crypto Overview
Overview
Gnomy (GNOMY) is a memecoin launched in late 2023 on the Solana blockchain. The project presents itself as a community-driven token inspired by garden gnomes.
Purpose and Utility
The token's stated purpose is primarily as a community token with no complex utility claims. The project is transparent about being a memecoin, focused on community building and social engagement.
Business Model and Operations
The project operates as a simple token with basic transfer and trading functionality. 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 Community Activity
The project maintains active social media presence, particularly on Twitter/X and Telegram. While development activity is minimal, this aligns with the project's straightforward nature as a memecoin.
Token Distribution
The token has a fair launch model with no pre-mine for the team. Liquidity is provided to decentralized exchanges, allowing for genuine trading activity.
Crypto Impact
To assign a comfort level investing in Gnomy 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 Gnomy.
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.