Boge
Crypto Overview
Overview
Boge is a meme cryptocurrency launched on the Binance Smart Chain (BSC) network in 2023, inspired by the success of other dog-themed cryptocurrencies. The project presents itself as a community-driven token with deflationary tokenomics.
Purpose and Utility
The primary stated purpose of Boge is to serve as a digital asset for trading and transfer of value within its community. The token implements a tax mechanism on transactions, with a portion of each transaction being burned to create deflationary pressure.
Business Model and Operations
The token operates on a simple model of peer-to-peer transfers with built-in transaction fees. There is no lending, staking, or interest-bearing mechanisms involved in the core protocol. The project maintains transparency regarding its smart contract and transaction mechanisms.
Development and Adoption
The project maintains active social media presence and community engagement. The development activity appears focused on marketing and community building rather than technical development, which is consistent with its nature as a meme token.
Token Distribution
While complete details about token distribution are not readily available, the smart contract shows that there are no unusual privileges granted to any particular addresses that would indicate a centralized control mechanism.
Crypto Impact
To assign a comfort level investing in Boge 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 Boge.
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.