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Guacamole

Overview of Guacamole

Guacamole is a Solana-based token with a community-oriented design and tokenomics. It started as a meme and evolved into a larger project.

Key Features

• Community Ownership: The creator wallet handed over all remaining tokens to the AvocaDAO, making Guacamole a fully community-owned project.
• Fair Launch: Guacamole was launched without presales or insider allocations, ensuring a fair distribution of tokens.
• Liquidity: 94% of all tokens were paired against $USDC in a Raydium pool on launch, providing underlying liquidity to the ecosystem.
• Transparency: Token movements by the AvocaDAO are accompanied by transparency reports, explaining the amount and purpose of token transfers.

Use Cases

• Trading: Guacamole can be traded on various platforms, with a growing list of exchanges and integrations available.
• Community Participation: The AvocaDAO allows for community governance, enabling users to participate in decision-making processes.
• Third-Party Integrations: Guacamole can be used in a variety of third-party token integrations, expanding its utility beyond trading.

Additional Information

For more details on Guacamole's tokenomics and design, visit the project's website: https://docs.guacamole.gg/guacamole-guac/guac-token/tokenomics-design.

Pros of Guacamole

• User-Friendly Interface: Guacamole offers an intuitive and easy-to-use platform that mirrors the ease of web2 applications, making it accessible for newcomers to decentralized finance.
• Diverse Ecosystem: It provides a vast ecosystem of Solana-based products, including an exchange interface, no-code developer tooling, and aggregated on-chain programs enhanced by gamification.
• Engaging Features: Guacamole incorporates elements of play and community through features like social portfolio trackers, gamified rewards, and integrated e-commerce functionalities.
• Community Support: Users have access to a network of peers and experts for guidance through their Solana DeFi journey.
• Incentivized Learning: The platform offers structured paths and educational resources to help users navigate web3 concepts with confidence.
• Permissionless Tools: Guacamole aims to make all tools in the "Earn" section permissionless, allowing users to create novel integrations for their communities.
• Dynamic Vaults: Users can deposit assets into dynamic vaults that allocate to top-performing lending protocols, balancing high yields and risk protection.

Cons of Guacamole

• Complexity: Despite its user-friendly design, Guacamole operates within the complex world of web3 and DeFi, which can be challenging for some users to understand.
• Dependence on Solana: The success and value of Guacamole are closely tied to the adoption and performance of the Solana blockchain.
• Limited Information: Some features and integrations are still in development, and detailed information may not be readily available.
• Token Supply: The large total supply of GUAC tokens (98.99 trillion) could potentially impact its value and market dynamics.

Founders and Background

The Guacamole project was founded by a team with extensive background in crypto and DeFi. The main development contributor, known as "Intern," has been involved in the crypto space since 2014, with experience in Bitcoin mining and Ethereum. The team's collective experience and insights into the crypto industry led to the creation of Guacamole as an experiment or thesis to address issues they identified in the industry.

Key Points:

• Founding Team: The founding team includes individuals with significant experience in crypto and DeFi.
• Main Contributor: The main development contributor, "Intern," has a background in Bitcoin mining and Ethereum since 2014.
• Project Concept: Guacamole was created as an experiment to address issues in the crypto industry based on the team's collective experience.

Investors in Guacamole

The information provided in the search results does not directly list the investors in Guacamole. However, it does provide details about a different project named "Guac" which is not related to the Guacamole crypto project. For accurate information on Guacamole investors, it is recommended to consult the official Guacamole website or documentation.

Key Points:

• Official Website: https://guac.gg/
• Documentation: https://docs.guacamole.gg/
• No direct information on investors is available in the provided search results for Guacamole.

Additional Information:

• Guacamole is a portfolio tracker and rewards marketplace that integrates various crypto-powered consumer applications.
• It is built on the Solana blockchain and focuses on making web3 interactions more accessible and engaging.
• The project emphasizes user-centric features and continuous innovation in AMM and DeFi.

For specific details on investors, please refer to the official Guacamole resources.

Halal Status of Cryptocurrencies

The halal status of cryptocurrencies, including Guacamole, is a subject of ongoing debate among Islamic scholars. However, based on the criteria often used to determine if a cryptocurrency is halal, Guacamole can be considered halal.

Criteria for Halal Cryptocurrencies

• Property (Mall): Cryptocurrencies are treated as valuable assets among people.
• Legal/Commercial Value (Mutaqawwam): They are accepted as a medium of exchange by a substantial group of people.
• Currency: They serve as a unit of account and a measure of value.

Given these criteria, many Islamic scholars and institutions, such as the Darul Uloom Zakariyya, have declared cryptocurrencies like Bitcoin halal. Therefore, by extension, Guacamole can be considered halal based on similar principles. Yes.