The GM Machine
Crypto Overview
Overview
The GM Machine (GM) is a cryptocurrency released in early 2024 that operates on the Solana blockchain with the stated purpose of serving as a cultural experiential token for 'GM' greetings in the Web3 space. GM became an internet culture meme representing 'Good Morning' and general positivity in crypto communities.
Purpose and Utility
The primary intended utility is social engagement and community building through GM greetings, with users able to accumulate and exchange tokens as part of daily social interactions. The token also provides governance rights over future protocol decisions.
Business Model Analysis
The project's business model revolves around community engagement and social interactions. There are no apparent elements involving prohibited activities like gambling, interest-bearing products, or adult content. The token distribution includes allocations for community rewards and development.
Real-World Adoption
The token has gained significant community adoption since launch, with active trading and social engagement across various platforms. The primary usage aligns with its intended purpose as a social token, though much of the current activity centers around trading.
Development Activity
The project maintains an active development presence with regular updates to its platform and community features. The team has been transparent about their roadmap and development priorities.
Token Distribution
Based on available data, the token distribution appears reasonable with appropriate vesting schedules for team allocations. There are no concerning patterns in founder or early investor holdings that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in The GM Machine 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 The GM Machine.
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.