MEMETOON
Crypto Overview
Overview
MEMETOON (MEME) is a cryptocurrency that launched in October 2023, positioning itself as a meme-based token with a focus on web3 content creation and NFT integration. The project aims to facilitate decentralized content creation and distribution while incorporating meme culture.
Purpose and Utility
The stated purpose of MEME is to create an ecosystem for content creators and meme enthusiasts, featuring NFT minting capabilities and community governance. The token serves as the native currency within this ecosystem.
Business Model Analysis
The project operates on a decentralized model where token holders can participate in governance and ecosystem activities. The platform does not inherently involve any prohibited activities like gambling or interest-based lending.
Real-World Adoption
Current adoption primarily centers around trading activity on major cryptocurrency exchanges. The project has demonstrated some initial traction in NFT minting and community engagement, though utility features are still in development.
Platform Development
The development team maintains an active GitHub repository and has outlined a roadmap for implementing additional features. While marketing has been a significant focus, there is evidence of ongoing technical development.
Token Distribution
The token distribution includes allocations for community incentives, development, and team members. Vesting schedules are in place for team allocations, indicating some level of long-term commitment.
Crypto Impact
To assign a comfort level investing in MEMETOON 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 MEMETOON.
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.