PONK
Crypto Overview
Overview
PONK is a meme cryptocurrency launched on the Solana blockchain in December 2023. It describes itself as a meme token inspired by the game Pong, with no explicit utility beyond community engagement and trading.
Purpose and Utility
The stated purpose of PONK is primarily community-driven, focusing on meme culture and social engagement. The project has not claimed any specific technological utility beyond being a tradeable token.
Business Model and Operations
PONK operates as a standard SPL token on Solana. The token can be freely traded on decentralized exchanges. There is no lending, staking, or interest-bearing components to the protocol.
Development and Community Activity
The project maintains active social media presence, particularly on Twitter/X and Telegram. There is no complex development roadmap, which aligns with its stated purpose as a meme token.
Token Distribution
The token launched with a fair distribution model where tokens were made available through decentralized exchanges. No pre-mine or team allocation has been identified.
Platform Activity
The token sees regular trading activity on various Solana-based decentralized exchanges. The primary use case remains trading and holding.
Crypto Impact
To assign a comfort level investing in PONK 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 PONK.
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.