ONE PUNCH CAT
Crypto Overview
Overview
One Punch Cat (PUNCH) is a meme cryptocurrency launched on the Ethereum blockchain. The project appears to be inspired by the popular anime 'One Punch Man' combined with cat-themed tokenomics. While specific utilities are limited, the token functions as a standard ERC-20 token enabling peer-to-peer transfers.
Purpose and Utility
The primary stated purpose is to create a community-driven meme token. The actual utility aligns with this purpose, serving as a tradeable digital asset on decentralized exchanges. The token facilitates value transfer between willing parties who own the actual asset.
Business Model and Operations
The project operates as a simple ERC-20 token with basic transfer functionality. There are no lending protocols, gambling features, or interest-bearing mechanisms attached to the token. The business model primarily revolves around community engagement and trading.
Development and Adoption
The project shows limited development activity beyond the initial token contract deployment. While adoption metrics are modest, this does not impact halal classification as speculation and trading of actual assets is permitted in Islamic finance.
Token Distribution
Token ownership appears to be distributed among various holders through decentralized exchanges. There are no concerning features like hidden minting functions or predatory tokenomics that would classify it as a scheme.
Crypto Impact
To assign a comfort level investing in ONE PUNCH CAT 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 ONE PUNCH CAT.
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.