Slothana
Crypto Overview
Overview
Slothana is a meme cryptocurrency launched on the Solana blockchain in April 2024. The project presents itself as a community-driven meme token, drawing inspiration from sloths.
Purpose and Utility
The primary stated purpose of Slothana is to be a meme token that brings together a community of cryptocurrency enthusiasts. The token has no complex technological features or specific utility beyond serving as a tradeable digital asset on the Solana blockchain.
Business Model and Implementation
The project operates as a simple SPL token on Solana, allowing for fast and low-cost transfers between parties. There is no lending, staking, or interest-bearing component to the token.
Platform Development and Community
The project maintains active social media presence and community engagement. There is no complex development roadmap as the token functions as a basic SPL token.
Token Distribution
The token launched with a fair distribution model where tokens were airdropped to eligible Solana NFT holders. There was no pre-mine or team allocation, suggesting a relatively fair launch structure.
Ecosystem Activities
Current usage primarily revolves around trading on decentralized exchanges. The project does not facilitate or promote any activities that would be considered haram, such as gambling or interest-based lending.
Crypto Impact
To assign a comfort level investing in Slothana 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 Slothana.
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.