NOTCOIN INU
Crypto Overview
Overview
NotCoin Inu ($NOTINU) is a memecoin launched in January 2024 that leverages the popularity of TON's NotCoin game and the 'Inu' meme token trend. The project appears to be a community-driven token without any clear utility beyond trading and speculation.
Purpose and Utility
The token has no stated technical utility beyond being a tradeable digital asset. It aims to capitalize on the NotCoin game's popularity but has no direct association with it. The token serves primarily as a speculative trading vehicle.
Business Model
The project operates as a simple ERC-20 token with basic tokenomics. There is no clear revenue model beyond token trading. While lacking substantial utility, it does not inherently involve any haram activities such as gambling, interest-based lending, or prohibited industries.
Development and Adoption
The project shows minimal development activity. There is no roadmap or significant technical development. Trading occurs primarily on decentralized exchanges.
Token Distribution
The token appears to have had a fair launch with no pre-mine for developers. Contract ownership has been renounced, limiting the ability of creators to manipulate the token.
Crypto Impact
To assign a comfort level investing in NOTCOIN INU 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 NOTCOIN INU.
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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