Crogecoin
Crypto Overview
Overview
Crogecoin (CROGE) is a meme cryptocurrency created on the Cronos blockchain, inspired by Dogecoin. It was launched in 2022 as a community-driven project.
Purpose and Utility
The stated purpose of CROGE is to serve as a meme token within the Cronos ecosystem, with basic utility including peer-to-peer transfers and trading. The project does not claim any advanced technological features or complex use cases.
Business Model
The token operates as a simple transfer and trading medium on the Cronos blockchain. There are no lending protocols, gambling features, or interest-bearing mechanisms associated with the token.
Real-World Adoption
Current usage primarily revolves around trading on decentralized exchanges within the Cronos ecosystem. The token has a small but active community.
Development Activity
The project maintains basic token functionality but does not show significant ongoing development. This is consistent with its stated purpose as a simple meme token.
Token Distribution
Initial token distribution included a fair launch mechanism. There is no evidence of excessive founder token allocation or concerning vesting structures that would indicate a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Crogecoin 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 Crogecoin.
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.