DOB on Base
Crypto Overview
Overview
DOB is a memecoin launched on the Base network inspired by the popular DOGE cryptocurrency. It was created in 2023 as one of the early memecoins on Base.
Purpose and Utility
The primary stated purpose of DOB is to serve as a community-driven memecoin on Base, aiming to create an engaged community of holders. The token has no advanced technological utility beyond being a transferable digital asset.
Business Model
The project operates as a basic ERC-20 token on Base, allowing for peer-to-peer transfers. There are no lending, staking, or gambling mechanics built into the token contract.
Real-World Adoption
DOB has gained traction primarily as a traded asset on decentralized exchanges on Base. Trading volume and holder count suggest active usage of the token for its basic transfer functionality.
Development Activity
As a memecoin, DOB has minimal technical development. The smart contract is basic and immutable, requiring no ongoing development.
Token Distribution
The token launch appeared to be fair, with no pre-mine for the team. The contract shows no special privileges or ability to mint new tokens.
Crypto Impact
To assign a comfort level investing in DOB on Base 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 DOB on Base.
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.