Shark Cat (SC)

Use Case of Shark Cat

• Meme Coin on Solana: Shark Cat is a Solana-based meme token inspired by the popular "shark cat" internet meme, featuring a cute cat wearing a shark hat.
• Community-Driven Token: It is a 100% community-led project with global contributors aiming to build and maintain community engagement.
• Trading and Speculation: Shark Cat is mainly used for trading on various exchanges and decentralized platforms within the Solana ecosystem.
• Cultural and Social Appeal: The token leverages the fun and viral nature of memes to attract users and build a social presence in the crypto space.

For more details, visit the official project site: sharkcatsol.xyz

Pros

• Shark Cat is a 100% community-based and led project, which means the community has strong influence and involvement.
• It is inspired by a popular and cute internet meme, making it appealing and fun for many users.
• The token has shown strong recent growth, with a 134.80% price increase in the last 7 days, outperforming some other cryptocurrencies.
• It operates on the Solana blockchain, known for fast and low-cost transactions.
• Active project leaders around the world help maintain consistent community engagement and sentiment.

Cons

• The price can be very volatile, with recent 24-hour drops of over 30%.
• It is a meme coin, which may mean it has less fundamental value compared to other tokens.
• There have been controversies involving the use of the meme’s likeness without permission, leading to legal disputes.
• It is not listed on all major exchanges, which can limit ease of buying and selling.
• Market activity and trading volume can fluctuate significantly, affecting liquidity.

Founders and Leadership

Shark Cat is a 100% community-based and led project with leaders spread around the world. There is no single publicly named founder; instead, the project is driven by a decentralized team focused on community engagement and sentiment.

Additional Context

The project gained attention through the popular "shark cat" meme featuring a cat wearing a shark hat. The team later made a licensing deal with the cat's owner, known as Pookie, to officially use the cat's likeness. This helped formalize the project's branding and community relations.

Investors in Shark Cat

Shark Cat is a community-driven project, meaning most investors are individual members of its global community rather than large institutional investors. The project is led and supported by people worldwide who help grow and promote it. There is no publicly listed information about specific big-name investors or venture capital backing Shark Cat. Instead, its funding mainly comes from token holders and traders who buy and trade Shark Cat tokens on various exchanges.

Halal Status of Shark Cat

• Yes, Shark Cat is halal.
• This is because sharks are generally classified as fish in Islamic law, and the majority of Islamic scholars from all major Sunni schools agree that all types of fish, including sharks, are halal to consume.
• The Quran and Hadith support the permissibility of eating sea creatures like fish and sharks, as sea animals are considered lawful food.
• Therefore, Shark Cat, being related to the concept of sharks (marine animals), aligns with this ruling and is considered halal.