Wenwifhat
Crypto Overview
Overview
Wenwifhat (WHY) is a meme cryptocurrency launched on the Solana blockchain in December 2023. The project is inspired by Elon Musk's criticism of the non-profit organization behind the X platform and references to 'what' in his posts.
Purpose and Utility
The token primarily serves as a community-driven meme coin with no explicitly stated utility beyond trading and community participation. The project does not claim any technological innovations or specific use cases.
Business Model and Development
The project operates as a simple token contract on Solana, with no complex functionality. There is no formal business model beyond community-driven trading and social media engagement.
Token Distribution
The token launched with a fair distribution model where tokens were made available through decentralized exchanges. There is limited information about team token allocations or vesting schedules.
Real-World Adoption
The token has gained significant trading volume on various decentralized exchanges on Solana. However, its usage remains primarily focused on trading rather than any specific utility.
Platform Activity
The project maintains active social media presence and community engagement, though development activity is minimal as the token contract is simple by design.
Crypto Impact
To assign a comfort level investing in Wenwifhat 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 Wenwifhat.
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.