Tomwifhat
Crypto Overview
Overview
Tomwifhat (TWIF) is a meme cryptocurrency launched on the Solana blockchain in December 2023. The project draws inspiration from Tom Hanks and his wife Rita Wilson, though it has no official affiliation with them.
Purpose and Utility
The token's primary stated purpose is to serve as a community-driven meme coin. While it doesn't claim extensive utility beyond being a tradeable asset, it represents actual ownership of tokens on the Solana blockchain.
Business Model and Operations
TWIF operates as a standard SPL token on Solana, allowing for peer-to-peer transfers and trading. The project maintains transparency in its operations, with contract code publicly visible on the blockchain.
Token Distribution
The token has a fixed supply with no mint function. While detailed information about initial distribution is limited, the token can be freely traded on decentralized exchanges.
Development and Community
The project maintains active social media presence and community engagement, though development activity is minimal as expected for a meme token.
Current Usage
Primary usage revolves around trading on decentralized exchanges, with significant trading volume and liquidity pools established on various Solana DEXes.
Crypto Impact
To assign a comfort level investing in Tomwifhat 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 Tomwifhat.
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.