IMAYC
Crypto Overview
The Irreverent Mutant Apes Yacht Club (IMAYC) is a cryptocurrency token associated with a collection of NFT avatars that parodies the well-known Mutant Ape Yacht Club. The project has limited on-chain data available for analysis.
Purpose and Utility
The stated purpose of IMAYC is to serve as a governance and utility token for holders of IMAYC NFTs, potentially offering access to exclusive content and community benefits. However, current usage appears to be primarily focused on trading.
Business Model Analysis
The project does not appear to facilitate any inherently haram activities like gambling, interest-based lending, or adult content. The core functionality involves NFT ownership and trading of the associated token.
Real-World Adoption
While trading volume exists, broader adoption and real-world applications remain limited. The project appears to be in an early stage with a focus on community building and NFT integration.
Development Activity
Development activity appears minimal, with most updates focused on community engagement and NFT-related announcements rather than technical development.
Crypto Impact
To assign a comfort level investing in IMAYC 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 IMAYC.
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.