Milady Meme Coin
Crypto Overview
Project Overview
Milady Meme Coin (LADYS) is a meme cryptocurrency launched in May 2023 inspired by the Milady NFT collection. The token operates on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The primary stated purpose of LADYS is to serve as a community token for the Milady NFT ecosystem and broader meme coin community. While it began as a meme coin, the project has developed some basic utility through community governance and merchant acceptance.
Business Model Analysis
The token operates with a transparent smart contract that facilitates peer-to-peer transfers. There is no lending, staking, or interest-bearing components. The project generates no direct revenue but relies on community growth and adoption.
Token Distribution
The token launched with no presale and no team allocation. 100% of tokens were made available to the public through decentralized exchanges, with initial liquidity provided by the community. This distribution model shows relatively fair launch practices.
Development and Adoption
While primarily trading-focused, the token has seen growing merchant adoption for payments and has an active community development team working on expanding use cases. The project maintains active development on GitHub and regular community engagement.
Additional Considerations
The token's smart contract has been audited and shows no malicious code or backdoors. The project does not facilitate or promote any haram activities such as gambling, lending, or adult content. All trading occurs through legitimate asset exchange on decentralized exchanges.
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.