Memecoin
Crypto Overview
Overview
MEME is a meme cryptocurrency that launched in October 2023 through a fair launch mechanism. The project positions itself as a community-driven meme token on the Ethereum blockchain.
Purpose and Utility
The stated purpose of MEME is to serve as a decentralized meme token celebrating internet culture and crypto memes. While it doesn't claim complex utility, it functions as a transferable digital asset.
Business Model Assessment
The token operates as a standard ERC-20 token with transferability features. It does not involve inherently prohibited activities like gambling, interest-based lending, or adult content. The project demonstrates transparency in its fair launch approach and token distribution.
Token Distribution
MEME had a fair launch with no pre-mine or team allocation. 100% of the tokens were made available to the public through a free claim mechanism based on historical NFT and crypto activity.
Development and Adoption
The project maintains basic token functionality without complex features. It has achieved listing on major exchanges and maintains active trading volumes. The development activity focuses on maintaining the core token contract.
Current Usage
Primary usage revolves around trading and holding as a digital asset. The token successfully maintains its basic utility as a transferable cryptocurrency.
Crypto Impact
To assign a comfort level investing in Memecoin 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 Memecoin.
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.