Memeolorgy
Crypto Overview
Overview
Memeolorgy (LORGY) is a meme cryptocurrency launched in 2024 on the Solana blockchain. The project presents itself as a community-driven meme token that aims to combine humor with blockchain technology.
Purpose and Utility
The stated purpose of LORGY is primarily as a meme token for community engagement and trading. The token doesn't claim any complex utility beyond serving as a tradeable digital asset and fostering community interaction.
Business Model Analysis
The project operates as a standard meme token with no lending, staking, or interest-bearing components. Trading occurs on decentralized exchanges where actual token ownership transfers take place.
Development and Platform Activity
The project maintains basic token functionality on the Solana blockchain. There is no complex development activity as the token's primary function is serving as a tradeable digital asset.
Token Distribution
The token distribution includes:
- 40% initial liquidity pool
- 30% community allocation
- 20% marketing wallet (time-locked)
- 10% team allocation (time-locked)
Actual Usage
Current usage aligns with its intended purpose as a tradeable digital asset, primarily on decentralized exchanges.
Crypto Impact
To assign a comfort level investing in Memeolorgy 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 Memeolorgy.
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.