just a cat
Crypto Overview
Purpose and Utility
Just a Cat (MEOW) is a meme cryptocurrency launched in late 2023 on the Solana blockchain. Its stated purpose is primarily to serve as a community-driven meme token celebrating cat culture in the crypto space. The project does not claim any complex utility beyond serving as a tradeable digital asset and fostering a community of cat-loving crypto enthusiasts.
Business Model and Operations
The token operates as a standard SPL token on Solana, with basic trading functionality being its primary feature. There is no complex DeFi functionality, lending, or gambling mechanisms built into the token's smart contract. Trading occurs on decentralized exchanges where actual token ownership is transferred between parties.
Real-World Adoption and Usage
The token has achieved significant trading volume on various Solana decentralized exchanges. While primarily used for trading rather than complex utility, this aligns with its stated purpose as a meme token. The project maintains active social media presence and community engagement.
Token Distribution and Founder Involvement
The token launched with a fair distribution model, with no pre-mine for the team. 95% of the supply was sent to liquidity pools, with 5% burned at launch. This distribution model suggests reduced risk of founder enrichment schemes.
Halal Considerations
The token does not facilitate any inherently haram activities like gambling, interest-based lending, or adult content. All transactions involve actual transfer of token ownership, and trading occurs on legitimate decentralized exchanges.
Crypto Impact
To assign a comfort level investing in just a cat 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 just a cat.
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.