SMUDGE CAT
Crypto Overview
Overview
SMUDGE CAT is a meme cryptocurrency launched in 2024, inspired by the viral 'Smudge the Cat' meme. The token operates on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The token's primary stated purpose is to serve as a community-driven meme coin celebrating the popular Smudge Cat meme. While it doesn't claim complex utility, it positions itself as a social token for community engagement.
Business Model and Operations
The project operates primarily as a community-driven meme token. There are no lending, staking, or interest-bearing mechanisms involved. The token can be freely traded on decentralized exchanges.
Development and Platform Activity
The project maintains basic smart contract functionality for token transfers. There is no complex development activity as the token's purpose is straightforward.
Token Distribution
The token launched with a fair distribution model, with no pre-mine for the team. Liquidity is provided through decentralized exchanges, allowing for permissionless trading.
Marketing and Community
The project focuses heavily on community building through social media channels, particularly Twitter and Telegram. Marketing efforts emphasize the meme aspect of the token.
Crypto Impact
To assign a comfort level investing in SMUDGE 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 SMUDGE 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.