Happy Cat (HAPPY) Describes Itself As

HAPPY is a memecoin inspired by the viral "Happy Happy Happy" cat video that originally surfaced in 2015. The video, featuring a kitten joyfully jumping behind a glass door, gained widespread popularity across platforms like TikTok and YouTube. Over the years, it has become a part of internet meme culture, evolving into a comprehensive meme universe involving additional characters such as Banana Cat, Apple Cat, Maxwell Cat, and Popcat. The HAPPY memecoin seeks to capitalize on the enduring popularity of these memes, leveraging their nostalgic and humorous appeal to engage the crypto community.

Project Function

Happy Cat is a community memecoin and a fun "meme" token, meaning there is no designed utility, functionality or value for HAPPY itself. Beyond its cultural significance, the project has not detailed any specific functional utilities or broader applications for the token, such as governance, rewards, or ecosystem development. The success of the token likely hinges on its ability to foster community engagement and benefit from cultural and market virality. 

Token Utility

HAPPY is a Solana-based token designed to capitalize on viral internet culture, with a total supply of 3.33 billion HAPPY. All tokens are in circulation and were distributed via fair launch. 

About the Founders

HAPPY’s creator(s) remain anonymous, aligning with the trend among memecoin projects where community focus supersedes founder identity. 

Risks of HAPPY

Like an investment in other crypto assets, there are some general risks to investing in HAPPY. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in HAPPY is subject to the following specific risks:

• As a ‘memecoin’, HAPPY is a community project, led by a pseudonymous team. 
• Any potential success associated with HAPPY is reliant on the growth of its decentralized community, and their continued trading and enthusiasm for the asset. These factors are difficult to predict, and could result in very high volatility.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with HAPPY. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The HAPPY community and HAPPY founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of HAPPY have no recourse to the HAPPY community, HAPPY founding team, or Uphold if HAPPY declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing HAPPY on the Uphold Platform, Uphold performed due diligence on HAPPY and determined that HAPPY is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of HAPPY, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of HAPPY.
• Any marketing materials put forward by the HAPPY social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with HAPPY, including any code defects, security breaches and other threats concerning HAPPY and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with HAPPY, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of HAPPY.