Guacamole
Crypto Overview
Purpose and Utility
GUAC is a meme cryptocurrency launched on the Solana blockchain. Its stated purpose is to be a fun, community-driven token that celebrates internet culture and guacamole. While initially launched as a meme token, the project has developed some basic utility through NFT collections and merchandise.
Business Model and Operations
The project operates primarily as a community token with social engagement and NFT components. The core operations involve token trading and NFT minting, with no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Real-World Adoption
The token has gained traction primarily within the Solana ecosystem's trading community. While adoption is limited, this doesn't affect its Sharia compliance status.
Platform Development
Development activity appears focused on community engagement and NFT launches rather than complex technical infrastructure. The project maintains active social media presence and community channels.
Token Distribution
Token distribution information shows a relatively fair launch with no excessive allocation to founders or early investors. There are no concerning vesting schedules that would indicate a pump and dump scheme.
Crypto Impact
To assign a comfort level investing in Guacamole 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 Guacamole.
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.