Wojak
Crypto Overview
Project Overview
Wojak (WOJAK) is a meme cryptocurrency launched on the BNB Chain (formerly BSC) that draws inspiration from the popular 'wojak' internet meme. The token appears to primarily function as a community-driven meme token with basic token economics.
Utility Analysis
The token's primary stated utility is as a medium of exchange and community token. No complex DeFi mechanics, lending, or gambling features have been identified in the token's smart contract or ecosystem.
Business Model
The project operates as a simple token with transfer capabilities. There are no identified mechanisms that would violate Islamic principles such as interest-bearing features or gambling mechanics. The token's smart contract implements basic transfer and trading functionality.
Real-World Adoption
The token primarily sees trading activity on decentralized exchanges. While adoption is limited, this does not impact its Sharia compliance status.
Development Activity
The project maintains a basic presence but does not show significant ongoing development. However, this is consistent with its nature as a meme token and does not affect its Sharia compliance.
Token Distribution
The token appears to have a relatively fair distribution model without excessive founder allocations, though complete verification of all holder addresses is challenging due to blockchain anonymity.
Crypto Impact
To assign a comfort level investing in Wojak 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 Wojak.
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.