Doge 2.0
Crypto Overview
Overview
Doge 2.0 is a cryptocurrency launched in 2023 as a meme token on the Binance Smart Chain (BSC). The project positions itself as an improved version of the original Dogecoin, though there is no technical connection between the two projects.
Purpose and Utility
The stated purpose of DOGE2.0 is to serve as a digital currency for transactions and as a community-driven token. The project claims to offer faster transactions and lower fees compared to the original Dogecoin.
Business Model and Implementation
The token operates on the BSC network as a BEP-20 token. The primary utility appears to be trading and transfer of value between holders. No lending, staking, or interest-bearing mechanisms have been identified in the protocol.
Development and Community Activity
The project maintains a basic presence on social media platforms and cryptocurrency tracking sites. Development activity appears minimal, with most updates focused on marketing and community engagement rather than technical development.
Token Distribution
The token distribution shows no clear red flags regarding concentration of ownership. There is no evidence of excessive founder allocation or concerning vesting schedules that would indicate a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Doge 2.0 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 Doge 2.0.
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.