KEN
Crypto Overview
Purpose and Utility
KEN is a meme cryptocurrency token created by the Floki team, launched in 2024. It positions itself as a dog-themed meme token celebrating Elon Musk's son's name (X Æ A-12, nicknamed 'KEN').
Business Model and Implementation
The token operates on the Ethereum blockchain as an ERC-20 token. Its primary utility appears to be as a tradeable digital asset, with no lending or interest-bearing mechanisms implemented.
Real-World Adoption
Being a very new token, adoption is currently limited primarily to trading on decentralized exchanges. The token has gained some traction in the meme coin community.
Development Activity
The token's smart contract is basic ERC-20 implementation without complex features. There is no significant ongoing technical development as the token's purpose is primarily centered around community engagement and trading.
Token Distribution
Initial token distribution included: 50% to liquidity pools, 30% for marketing and development, and 20% for community initiatives. There are no complex staking or lending mechanisms implemented.
Crypto Impact
To assign a comfort level investing in KEN 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 KEN.
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.