PAW
Crypto Overview
Overview
PAW is a meme cryptocurrency that launched in September 2023 as a competitor to DOGE and SHIB. It operates on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The stated purpose of PAW is to be a community-driven meme token focused on dog/pet themes. The token has no specific utility beyond trading and community participation. The project does not claim any technological innovations or specific use cases.
Business Model
PAW operates primarily as a speculative trading token. There are no lending, staking, or gambling mechanisms built into the protocol. The project generates no direct revenue and relies on community trading and marketing.
Real-World Adoption
The token is primarily traded on decentralized exchanges like Uniswap. There is no evidence of significant real-world adoption or partnerships beyond trading activity.
Platform Development
As a basic ERC-20 token, there is minimal ongoing development. The project focuses mainly on community building and marketing rather than technical development.
Token Distribution
Initial token distribution included no pre-mine for developers. Liquidity was added to decentralized exchanges with tokens available for public trading.
Crypto Impact
To assign a comfort level investing in PAW 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 PAW.
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.