COGI
Crypto Overview
Project Overview
COGI is a cryptocurrency token that aims to facilitate social transactions and digital payments within the CogiCoin ecosystem. The project was launched with the stated purpose of creating a decentralized payment system.
Utility Assessment
COGI token serves as the primary medium of exchange within its ecosystem. The token can be transferred between users and is listed on several cryptocurrency exchanges.
Development and Adoption
The project shows limited development activity on its GitHub repositories. Community engagement appears to be primarily focused on trading activities rather than utility development.
Token Distribution and Governance
Information about token distribution and vesting schedules is limited in public documentation. The project maintains basic social media presence but detailed technical documentation is sparse.
Business Model Analysis
The core business model revolves around facilitating digital payments. While the actual usage is primarily concentrated on trading activities, this doesn't affect its sharia compliance status as real asset ownership transfers occur in these transactions.
Ecosystem Review
The ecosystem primarily consists of basic token transfer functionality and exchange listings. No evidence was found of involvement in prohibited activities such as interest-bearing products, gambling, or adult content.
Crypto Impact
To assign a comfort level investing in COGI 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 COGI.
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.