Milady Meme Coin
Crypto Overview
Overview
LADYS is a meme cryptocurrency launched in May 2023 on the Ethereum blockchain. It is based on the Milady NFT collection, which features anime-style profile picture artwork. The token was created as a community-driven project with no pre-mine, no team allocation, and a fair launch approach.
Intended Utility
The primary intended utility of LADYS is to serve as a community token for the Milady NFT ecosystem. It aims to facilitate transactions and engagement within this community. The token has no complex technological features - it is a simple ERC-20 token with basic transfer functionality.
Actual Utility & Usage
The token is primarily used for trading and as a means of participation in the Milady community. Trading volume and holder statistics indicate active usage, with over 100,000 holders as of late 2023. There are no complex DeFi features, lending, or interest-bearing mechanisms.
Token Distribution & Founder Analysis
The token launched with a fair distribution model: 100% of the supply was made available to the public, with no team allocations or pre-mine. This significantly reduces the risk of founder enrichment schemes. The contract ownership was renounced upon launch, meaning no single entity can modify the token's functionality.
Business Model Assessment
The business model is straightforward - it operates as a community token with basic transfer functionality. There are no complex financial instruments or interest-bearing mechanisms that would raise Shariah concerns. The project does not facilitate or promote any haram activities.
Crypto Impact
To assign a comfort level investing in Milady Meme 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 Meme 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.