Laika

Project Overview

Laika Protocol was launched in 2021 as a community-driven meme token on the Ethereum blockchain. The project's stated purpose was to create a decentralized ecosystem focused on NFTs and gaming, though development appears to have stalled since late 2021.

Utility Assessment

The token's primary utility was intended to be governance and access to planned NFT collections and play-to-earn games. However, no significant development materialized beyond the initial token launch. The token does represent actual ownership of a digital asset on the Ethereum blockchain, with transfers occurring through legitimate smart contracts.

Business Model Analysis

While originally marketed as a gaming and NFT platform, the project currently functions solely as a tradeable digital asset. The token contract contains no lending, gambling, or interest-bearing mechanisms. Trading occurs through standard decentralized exchanges where actual token ownership is transferred between parties.

Development Activity

The project's GitHub repositories show minimal activity since Q4 2021. Social media channels and official communications have been largely dormant since early 2022. While this indicates limited development progress, it does not impact the halal nature of the token itself.

Token Distribution

Initial token distribution included: 50% to liquidity pools, 30% to community airdrops, 20% to team and development. Team tokens were subject to a 6-month vesting period which has now expired.