MeMe
Crypto Overview
Overview
MEME is a memecoin launched in 2023 on the Ethereum blockchain. The project presents itself as a community-driven cryptocurrency that embraces meme culture while building on the Ethereum network.
Purpose and Utility
The primary stated purpose of MEME is to serve as a medium of exchange and community token within its ecosystem. The token has no explicit utility beyond trading and community participation.
Business Model and Implementation
The project operates as a standard ERC-20 token on Ethereum. There are no apparent mechanisms involving riba (interest) or gambling in its core functionality. The token can be freely traded on various decentralized and centralized exchanges.
Development and Adoption
The project maintains basic token functionality without complex features that could raise sharia concerns. While primarily used for trading, this activity involves genuine asset exchange rather than gambling-like mechanics.
Token Distribution
No clear indicators of problematic token distribution have been identified that would suggest a scheme specifically designed to enrich founders at the expense of users.
Marketing and Development
While the project heavily emphasizes marketing and meme culture, this doesn't inherently conflict with Islamic principles as long as the underlying asset exchange remains halal.
Crypto Impact
To assign a comfort level investing in MeMe 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 MeMe.
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.