Hachi
Crypto Overview
Overview
Hachi is a meme cryptocurrency launched in late 2023 on the Solana blockchain. It was created as a community-driven project themed around Japanese dog breeds, similar to other dog-themed cryptocurrencies.
Purpose and Utility
The primary stated purpose of Hachi is to serve as a community token within the Solana ecosystem. The project does not claim any complex utility beyond serving as a tradeable digital asset.
Business Model
The business model is straightforward - it operates as a standard SPL token on Solana with no additional technological features. Trading occurs on decentralized exchanges where actual token ownership is transferred between parties.
Real-World Adoption
The token has gained traction primarily within the Solana trading community. While adoption is limited, this does not impact its halal classification as the token involves real asset ownership and transfer.
Development Activity
There is minimal technical development as the token operates as a basic SPL token. This aligns with its stated simple purpose and does not impact its halal classification.
Token Distribution
Based on available data, the token has a fair distribution model with no signs of excessive founder allocation. Trading occurs in a decentralized manner on Solana-based exchanges.
Crypto Impact
To assign a comfort level investing in Hachi 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 Hachi.
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.