Onigiri The Cat
Crypto Overview
Purpose and Utility Analysis
Onigiri The Cat is a meme cryptocurrency that appears to have been inspired by Japanese culture, specifically referencing the popular rice ball snack 'onigiri' combined with cat themes. The token exists on the BNB Smart Chain network.
Business Model Assessment
The project appears to function primarily as a meme token with no clear utility beyond trading and community engagement. While this limits its practical applications, it does not inherently make it non-compliant from a Shariah perspective as long as actual token ownership transfers occur in trades.
Real-World Adoption
The token shows limited adoption and trading volume. However, this is not relevant for Shariah compliance assessment.
Development Activity
There appears to be minimal ongoing development activity, with the project focusing mainly on community engagement and marketing efforts through social media.
Token Distribution and Founder Analysis
Information about token distribution and founder holdings is limited. The contract appears to be renounced, which means the creators no longer have special control over the token.
Crypto Impact
To assign a comfort level investing in Onigiri The 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 Onigiri The 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.