Daddy Doge
Crypto Overview
Project Overview
Daddy Doge is a meme cryptocurrency launched on the Binance Smart Chain (BSC) in 2021, inspired by the popularity of Dogecoin and attempting to capitalize on the 'doge' theme. The project presents itself as a community-driven token with basic tokenomics that include reflection rewards to holders.
Purpose and Utility
The stated purpose of Daddy Doge is primarily to serve as a community token with basic utility features including reflection rewards to holders. The actual current usage aligns with this intended purpose, functioning as a tradeable digital asset on decentralized exchanges.
Business Model & Implementation
The token operates on the BSC network and implements a reflection mechanism where holders receive rewards from transactions. The core functionality is basic token transfers and trading.
Development Activity
The project shows minimal development activity beyond its initial smart contract deployment. The ecosystem primarily consists of basic token trading functionality.
Real World Adoption
Trading volume and holder activity indicate limited but existing adoption, primarily for trading purposes on decentralized exchanges.
Token Distribution
Token distribution information shows no concerning concentration of tokens in founder wallets that would indicate a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Daddy Doge 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 Daddy Doge.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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