Let that sink in
Crypto Overview
Overview
Let That Sink In (SINK) is a meme cryptocurrency that was created in October 2023, inspired by Elon Musk's viral video of bringing a sink to Twitter headquarters. The token operates on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The stated purpose of SINK is primarily community engagement and meme-based entertainment. The token has no explicitly defined utility beyond trading and community participation. There are no decentralized applications or specific use cases built on top of it.
Business Model & Operations
The project operates as a standard ERC-20 token with basic transfer functionality. There are no lending, staking, or gambling mechanisms built into the smart contract. The token's primary activity is trading on decentralized exchanges.
Development & Community Activity
The project maintains a basic website and social media presence. There is no significant technical development occurring as the token operates with standard ERC-20 functionality.
Token Distribution
The token launched through a fair launch mechanism on decentralized exchanges, with no pre-sale or team allocation. Liquidity is provided through decentralized exchanges, primarily Uniswap.
Crypto Impact
To assign a comfort level investing in Let that sink in 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 Let that sink in.
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.