Tate
Crypto Overview
Overview
TATE is a meme cryptocurrency launched in 2023, named after the controversial social media personality Andrew Tate. The token appears to be primarily focused on leveraging Andrew Tate's brand and following.
Purpose and Utility
The stated purpose is to create a community token for Andrew Tate's followers. The token currently serves primarily as a tradeable digital asset on decentralized exchanges.
Business Model & Platform Activity
The token operates on the Ethereum blockchain as an ERC-20 token. The project's development activity appears minimal, with the focus being mainly on community building and marketing through social media channels.
Token Distribution & Governance
Detailed information about token distribution and vesting schedules is not readily available through official channels. The project appears to have a typical meme token structure with trading occurring primarily on decentralized exchanges.
Real-World Usage
Current usage is primarily centered around trading on decentralized exchanges. There is no evidence of significant utility beyond serving as a tradeable digital asset.
Prohibited Activities Assessment
The token itself does not directly facilitate any prohibited activities like gambling, interest-based lending, or adult content. It functions as a standard ERC-20 token for trading and holding.
Crypto Impact
To assign a comfort level investing in Tate 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 Tate.
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.