Not Meme
Crypto Overview
Project Overview
Not Meme (MEM) is a cryptocurrency that launched in December 2023 on the Ethereum blockchain. The project positions itself as an antithesis to typical meme coins, emphasizing its utility as a governance token for a planned decentralized autonomous organization (DAO).
Stated Purpose and Utility
The primary stated purpose of MEM is to serve as a governance token for community decision-making through its DAO structure. Token holders are meant to have voting rights on project proposals and development directions.
Current Implementation and Usage
While the governance utility is still in development, the token currently functions as a tradeable digital asset on various decentralized exchanges. The project maintains active development and community engagement through social media channels.
Business Model Assessment
The business model centers around community governance and does not involve any inherently prohibited activities such as interest-based lending or gambling. All trading occurs through direct token ownership and exchange.
Token Distribution
The token features a fair launch model with no pre-mine for the team. Liquidity is provided to decentralized exchanges, allowing for direct peer-to-peer trading of the asset.
Development Activity
The project maintains ongoing development work towards implementing its DAO functionality, though it is still in early stages. The team maintains regular communication about development progress through official channels.
Crypto Impact
To assign a comfort level investing in Not Meme 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 Not Meme.
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.