KITTYWIFHAT
Crypto Overview
Overview
KittyWifHat (KWH) is a meme cryptocurrency launched in late 2023 on the Solana blockchain. The project features a cat mascot wearing a hat, drawing inspiration from internet cat memes and culture.
Purpose and Utility
The stated purpose of KWH is primarily as a community-driven meme token. While it doesn't claim sophisticated utility, it serves as a tradeable digital asset on the Solana blockchain. The project maintains transparency about its nature as a meme token.
Business Model and Operations
The token operates as a standard SPL token on Solana, allowing for peer-to-peer transfers and trading. There is no lending, staking, or interest-bearing components in the protocol. The project does not engage in any explicitly haram activities like gambling or interest-based operations.
Real-World Adoption
The token has achieved listing on several decentralized exchanges (DEXs) on Solana, enabling direct token ownership and trading. The primary use case remains trading and holding, which aligns with its stated purpose as a meme token.
Development Activity
As a meme token, the development activity is minimal by design. The smart contract is deployed and functional for its intended purpose of enabling token transfers and trades.
Crypto Impact
To assign a comfort level investing in KITTYWIFHAT 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 KITTYWIFHAT.
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.