Milady Meme Coin
Crypto Overview
Project Overview
Milady Meme Coin (LADYS) is a meme cryptocurrency launched in June 2023 on the Ethereum blockchain. The project was created as a community token inspired by the Milady NFT collection, though it has no official connection to the original NFT project.
Intended Utility
The token was created primarily as a community-driven meme coin with no explicit utility beyond serving as a tradeable digital asset and fostering community engagement. Unlike many cryptocurrencies, LADYS does not claim to solve any technical or real-world problems.
Actual Usage and Adoption
The token has gained significant trading volume and community following on social media platforms, particularly Twitter. The primary use case has been speculative trading, with most activity occurring on decentralized exchanges like Uniswap.
Token Distribution
The token launched with no pre-sale and claims to have a fair distribution model. 95% of the total supply was sent to the Uniswap liquidity pool, with 5% burned at launch. There was no team allocation, suggesting a more equitable distribution model than many similar projects.
Development and Marketing
The project maintains minimal development activity, which is consistent with its stated purpose as a meme coin. Marketing occurs primarily through community-driven social media engagement rather than centralized marketing campaigns.
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.