Memeverse
Crypto Overview
Overview
Memeverse (MEME) is a cryptocurrency that launched in late 2023 as a meme-focused token on the Ethereum blockchain. The project positions itself as a gaming and meme ecosystem that aims to combine meme culture with play-to-earn gaming.
Purpose & Utility
The stated purpose of MEME is to serve as the native token for the Memeverse ecosystem, which includes planned gaming elements and NFT features. The token currently functions primarily as a tradeable digital asset on exchanges.
Business Model & Implementation
The project's business model revolves around creating a meme-themed gaming ecosystem. While development is in early stages, the token maintains basic but legitimate utility as a transferable digital asset. No evidence was found of the project engaging in prohibited activities like gambling or interest-based lending.
Token Distribution & Vesting
The token has a total supply of 69 million MEME tokens. While specific vesting details are limited, no concerning patterns in token distribution have been identified that would suggest a scheme to enrich founders.
Development & Adoption
The project is in its early stages with limited adoption and development activity so far. However, this does not impact its sharia compliance status as the token maintains basic utility as a transferable digital asset.
Crypto Impact
To assign a comfort level investing in Memeverse 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 Memeverse.
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.