Milady Coin
Crypto Overview
Overview
Milady Coin (LADYS) is a meme cryptocurrency launched in May 2023 on the Ethereum blockchain, inspired by the Milady NFT collection. The project presents itself as a community-driven token with no pre-mine, no taxes, and a fair launch approach.
Purpose and Utility
The primary stated purpose of LADYS is to serve as a medium of exchange within its community and as a speculative trading asset. The token does not claim complex utility beyond serving as a tradeable digital asset and community token.
Business Model Analysis
The token operates on a simple model of direct peer-to-peer transfers on the Ethereum network. There are no built-in mechanisms for lending, staking, or gambling. The token can be freely traded on decentralized exchanges.
Development and Adoption
The project maintains active social media presence and community engagement. While primarily used for trading, the token has gained significant attention and trading volume on various decentralized exchanges.
Token Distribution
LADYS launched with no pre-allocation to team members or founders. The entire supply was made available to the public through decentralized exchanges, suggesting a fair distribution model.
Marketing and Development
The project focuses heavily on community building and social media presence, which is typical for meme tokens. There is transparency about the token's nature as a community-driven meme coin.
Crypto Impact
To assign a comfort level investing in Milady Coin 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 Milady Coin.
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.