Zoomer Coin
Crypto Overview
Purpose and Utility
Zoomer is a meme cryptocurrency launched on the Base network in late 2023. Its stated purpose is to be a community-driven token celebrating internet and youth culture. The project has no explicit technical utility beyond being a tradeable token and social experiment.
Business Model and Operations
The token operates as a simple ERC-20 token on the Base network. There is no complex business model - it functions primarily as a speculative trading asset and social coordination mechanism for its community.
Real-World Adoption
The token has gained significant trading volume and community following since its launch. It is primarily traded on decentralized exchanges like Uniswap on Base network. While adoption is primarily centered around trading activity rather than technical utility, this does not impact its halal status as real asset ownership is being transferred.
Development Activity
There is minimal technical development as the token is intentionally simple in design. The project's activity is focused on community building and marketing rather than technical development.
Token Distribution
Initial token distribution included a fair launch with no pre-mine or team allocation, suggesting reduced risk of founder enrichment schemes. The token supply is fixed with no inflation mechanism.
Crypto Impact
To assign a comfort level investing in Zoomer Coin 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 Zoomer Coin.
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.