Molly by Matt Furie
Crypto Overview
Overview
Molly is a meme cryptocurrency created by Matt Furie, the original creator of the Pepe meme. The token was launched on the Ethereum blockchain in May 2023 and has gained attention due to its connection to the popular Pepe meme culture.
Purpose and Utility
The primary stated purpose of MOLLY is to serve as a community-driven meme token that celebrates Matt Furie's artwork and the broader meme culture. The token does not claim to have specific technological utility beyond serving as a tradeable digital asset and community token.
Business Model and Operations
The token operates as a standard ERC-20 token on the Ethereum blockchain. There are no lending, staking, or interest-bearing components in its core functionality. The project primarily focuses on community building and trading.
Token Distribution and Development
The token launched with a fair distribution model, with no pre-sale or team allocation. The contract ownership was renounced upon launch, meaning the development team cannot modify the token's smart contract. Trading occurs on decentralized exchanges like Uniswap.
Real-World Usage
The primary use case is trading on decentralized exchanges. The token has maintained active trading volume and community engagement since its launch.
Crypto Impact
To assign a comfort level investing in Molly by Matt Furie 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 Molly by Matt Furie.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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