CZ THE GOAT
Crypto Overview
Overview
CZ The Goat (CZGOAT) is a meme cryptocurrency created as a tribute to Changpeng Zhao (CZ), the former CEO of Binance. The token was launched in late 2023 on the Binance Smart Chain network.
Purpose and Utility
The primary stated purpose of CZGOAT is to serve as a community-driven meme token celebrating CZ's contributions to the crypto industry. The token has no advanced technological features or unique utility beyond being a tradeable digital asset on the blockchain.
Business Model and Operations
The project operates as a basic BEP-20 token with standard transfer and trading functionality. There are no lending, staking, or gambling mechanisms built into the smart contract. The token can be freely traded on decentralized exchanges.
Real-World Adoption
The token has seen limited adoption primarily among crypto traders and meme coin enthusiasts. Trading volume occurs mainly on decentralized exchanges like PancakeSwap.
Development Activity
There is minimal ongoing development as the token utilizes a basic BEP-20 smart contract without additional features or upgrades planned.
Token Distribution
The token distribution appears to follow standard fair launch practices with no pre-mine for developers or team members. Liquidity was added to decentralized exchanges at launch.
Crypto Impact
To assign a comfort level investing in CZ THE GOAT 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 CZ THE GOAT.
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.