CLYDE
Crypto Overview
Overview
Based on available information, CLYDE (GUZUTA) is a meme-inspired cryptocurrency token that launched as a response to the success of other dog-themed cryptocurrencies. It aims to build a community around a bulldog mascot named Clyde.
Purpose and Utility
The primary stated purpose is to serve as a digital asset for trading and potential store of value, while building a community around the Clyde character. No complex DeFi mechanisms, lending, or interest-bearing features have been identified in the project.
Business Model
The token operates as a standard ERC-20 token on the Ethereum blockchain, allowing for peer-to-peer transfers and trading. The project appears focused on community building and marketing rather than complex financial products or services.
Development and Usage
Development activity appears minimal, with the focus primarily on community engagement and marketing efforts. The token can be traded on decentralized exchanges where actual ownership transfer occurs.
Token Distribution
While detailed tokenomics information is limited, the token appears to follow standard ERC-20 implementation without any apparent mechanisms for interest or gambling.
Crypto Impact
To assign a comfort level investing in CLYDE 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 CLYDE.
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.