Longcat
Crypto Overview
Overview
Longcat (LONG) is a memecoin launched on the Solana blockchain in October 2023, inspired by the 'Longcat' internet meme from the mid-2000s. The project aims to serve as a community-driven token celebrating internet culture while leveraging Solana's fast and low-cost infrastructure.
Purpose and Utility
The primary stated purpose of Longcat is to function as a tradeable digital asset on the Solana network. While the project began as a meme-inspired token, it has developed some basic utility through its integration with decentralized exchanges on Solana and community governance features.
Business Model & Platform Activity
The token operates primarily as a tradeable asset on Solana-based decentralized exchanges. The project maintains active development and community engagement through social media channels.
Token Distribution
The initial token distribution appears to be relatively fair, with no excessive allocation to founders or early investors. There are no signs of artificial token lockups or vesting schedules designed to deceive investors.
Development and Marketing
The project maintains an active presence on social media and cryptocurrency communities. While marketing is a significant focus, this is common for community-driven tokens and doesn't inherently indicate any shariah compliance issues.
Crypto Impact
To assign a comfort level investing in Longcat 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 Longcat.
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.