Lil X
Crypto Overview
Overview
Lil X is a meme cryptocurrency launched in late 2023, inspired by Elon Musk's son X Æ A-12 and created as a speculative digital asset on the Ethereum blockchain. The token follows the ERC-20 standard.
Purpose and Utility
The stated purpose of Lil X is primarily as a community-driven meme token that aims to capitalize on social media trends and Elon Musk-related news. While it doesn't claim significant technical utility, it operates as a transferable digital asset on the Ethereum network.
Business Model
The token operates as a standard ERC-20 token allowing peer-to-peer transfers. There are no lending, staking, or interest-bearing mechanisms built into the token's smart contract. The project primarily relies on community engagement and trading activity.
Development and Platform Activity
The token's smart contract is basic and does not include complex functionality beyond standard token transfers. There is limited technical development as the focus is on community building and marketing.
Token Distribution
The token has a maximum supply of 1 billion tokens. Initial token distribution information and specific wallet holdings can be verified on blockchain explorers. No unusual concentration of tokens in founder wallets has been observed.
Crypto Impact
To assign a comfort level investing in Lil X 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 Lil X.
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.