meme (Ordinals)
Crypto Overview
Purpose and Intended Use
MEME is a Bitcoin Ordinal token launched in October 2023. It positions itself as one of the first meme coins built on Bitcoin through Ordinals protocol. The project claims to be focused on bringing meme culture and community engagement to the Bitcoin ecosystem.
Business Model and Utility
The token operates primarily as a tradeable digital asset on the Bitcoin network through the Ordinals protocol. While it doesn't offer complex utility features, it serves as a transferable digital asset that provides ownership rights to holders.
Real-World Adoption
The token has gained significant trading volume on various cryptocurrency exchanges. While primarily used for trading, it has achieved notable market adoption within the Bitcoin Ordinals ecosystem.
Platform Development
The project maintains basic functionality for token transfers through the Bitcoin Ordinals protocol. The development activity primarily focuses on maintaining the core transfer capabilities rather than expanding into additional utilities.
Token Distribution
The token launched with a fair distribution model where tokens were made available to the public without pre-mining or founder allocations. This approach aligns with transparent distribution principles.
Revenue Model
The project operates as a straightforward digital asset without complex financial mechanisms. It doesn't involve interest-bearing products, lending, or activities that would raise Islamic finance concerns.
Crypto Impact
To assign a comfort level investing in meme (Ordinals) 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 (Ordinals).
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.