Defigram

Halal Rating :
Questionable
Last Price $1.4 Last updated:
Rank 1079
1D Change -1.05 %
Market Cap $14.26m
Circulating supply 10,000,000
Maximum supply 1,000,000,000

Crypto Overview

Purpose and Utility Analysis

DFG serves as the utility and governance token for the Defigram ecosystem, which aims to provide decentralized financial solutions. The token is built on the BNB Smart Chain (BSC).

Business Model Evaluation

The token's primary utility appears to be focused on decentralized exchange functionality and governance voting rights. However, there is limited publicly available information about specific use cases or implementation details.

Real-World Adoption

Current adoption metrics and trading volumes are minimal, with limited observable on-chain activity. Public documentation about partnerships or real-world implementations is scarce.

Platform Development

Development activity appears to be minimal based on publicly available information. The project's technical documentation and roadmap are not readily accessible.

Token Distribution

Detailed information about token distribution, vesting schedules, and founder allocations is not publicly available, making it difficult to assess the fairness of token distribution.

Additional Considerations

The token does not appear to directly facilitate prohibited activities such as gambling or interest-based lending. However, the lack of transparent information about its operational model and intended use cases makes a comprehensive assessment challenging.

Crypto Impact

To assign a comfort level investing in Defigram 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 Defigram.

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.

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