Long Mao
Crypto Overview
Overview
Long Mao (LMAO) is a meme cryptocurrency launched in late 2023 on the Solana blockchain. The project presents itself as a community-driven token themed around a cartoon cat character.
Purpose and Utility
The stated purpose of Long Mao is primarily to serve as a community token. The project does not claim any specific technological utility beyond being a transferable digital asset on the Solana blockchain.
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 mechanisms involved in the core token functionality.
Development and Adoption
The project maintains active social media presence and community engagement. The primary activity revolves around trading on decentralized exchanges.
Token Distribution
Initial token distribution included some allocation to the team and marketing wallet. The exact percentages are not publicly disclosed, but blockchain analysis shows no concerning concentration of tokens in founder wallets.
Crypto Impact
To assign a comfort level investing in Long Mao 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 Long Mao.
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.