DINO(ASC20)
Crypto Overview
Overview
DINO is an ASC20 token launched in late 2023 on the Astar Smart Contract Network. The token appears to be primarily focused on trading and marketing, with limited information available about specific utility or use cases.
Purpose and Utility Assessment
The DINO token appears to function primarily as a tradable digital asset on the Astar network. While the token's marketing materials and community discussions suggest potential future utility development, current documentation and on-chain activity indicate its main use case is as a trading vehicle.
Business Model Analysis
The business model appears centered around token trading and community building. There is no evidence of engagement in prohibited activities like gambling, interest-based lending, or adult content.
Development Activity and Adoption
The project shows minimal documented development activity beyond initial token creation and basic trading functionality. Community engagement appears to be primarily focused on trading discussion.
Token Distribution
Detailed information about token distribution, vesting schedules, and founder allocations is not readily available in public documentation. The project's transparency in this regard is limited.
Technology and Revenue Model
The token operates as a standard ASC20 token on the Astar network. There are no apparent mechanisms for interest generation or lending, which helps avoid riba-related concerns.
Crypto Impact
To assign a comfort level investing in DINO(ASC20) 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 DINO(ASC20).
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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