Towelie
Crypto Overview
Purpose and Utility
Towelie (TOWELI) appears to be a meme-inspired cryptocurrency based on the character from South Park. While launched relatively recently, it functions as a community token primarily on the ETH blockchain.
Business Model and Tokenomics
The token operates as a standard ERC-20 token with basic transfer and ownership functionalities. Based on available data, it does not appear to facilitate any lending, gambling, or explicitly haram activities.
Development and Platform Activity
The project appears to be community-driven with limited formal development activity. Token transfers and trading represent the primary use case currently.
Token Distribution
Specific details about token distribution and vesting schedules are limited in publicly available information. The token appears to be primarily traded on decentralized exchanges.
Marketing and Community
The project leverages social media presence and community engagement, primarily focused on the meme aspect of the South Park character.
Crypto Impact
To assign a comfort level investing in Towelie 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 Towelie.
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.