Degen Forest
Crypto Overview
Overview
Degen Forest (MOOLA) is a cryptocurrency ecosystem themed around forest creatures with its native token MOOLA. Based on the most recent available information, it appears to be primarily focused on NFT gaming and metaverse applications.
Purpose and Utility
The stated purpose of MOOLA is to serve as the governance and utility token within the Degen Forest ecosystem. It is designed to be used for purchasing in-game items, participating in governance decisions, and accessing various features within their planned metaverse environment.
Business Model Analysis
The project's business model centers around creating a gaming ecosystem where players can own, trade, and utilize digital assets. The token facilitates real ownership and transfer of digital assets within their ecosystem.
Development and Adoption
The project appears to be in early stages of development. While detailed on-chain data is limited, there is evidence of ongoing development work on their core platform features.
Token Distribution
The token distribution information available shows standard vesting schedules for team allocations, suggesting basic safeguards against quick selloffs by insiders. There appears to be no evidence of significant concentration of tokens in founder wallets that would raise concerns about founder enrichment schemes.
Crypto Impact
To assign a comfort level investing in Degen Forest 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 Degen Forest.
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.