Literally Me
Crypto Overview
Purpose and Utility Assessment
Literally Me (ME) is a memecoin launched in 2023 that draws inspiration from the 'literally me' internet meme phenomenon, where individuals strongly identify with fictional characters. The token's primary stated purpose is to serve as a community token for individuals who resonate with this internet culture phenomenon.
Business Model and Implementation
The token operates on the Ethereum blockchain as an ERC-20 token. While primarily driven by community engagement and meme culture, it facilitates peer-to-peer transfers and trading. The project maintains transparent tokenomics with no inherent lending, staking, or interest-bearing mechanisms.
Real-World Adoption
The token has gained traction primarily within cryptocurrency trading communities and meme enthusiasts. Trading volume indicates active market participation, though utility remains primarily focused on trading and community participation.
Development Activity
The project maintains basic token functionality without complex smart contracts or additional features that could raise sharia compliance concerns. The simplicity of its implementation aligns with its stated purpose as a community-driven memecoin.
Token Distribution
Token distribution appears relatively decentralized, with no significant concentration in founder wallets that would indicate a scheme to enrich creators. Trading is conducted through decentralized exchanges where actual token ownership transfers occur.
Crypto Impact
To assign a comfort level investing in Literally Me 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 Literally Me.
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.