DogeBonk
Crypto Overview
Overview
DogeBonk (DOBO) is a meme cryptocurrency launched on the Binance Smart Chain in 2021. The project presents itself as a community-driven token that combines meme culture with decentralized finance elements.
Purpose and Utility
The stated purpose of DogeBonk is to serve as a community token with deflationary tokenomics. It implements a 10% transaction tax, where 5% is redistributed to holders and 5% is added to the liquidity pool. This mechanism is designed to reward long-term holders and maintain price stability.
Business Model and Operations
The project operates primarily as a community-driven token with a focus on meme culture and social media presence. The token can be traded on decentralized exchanges, primarily PancakeSwap. The project does not involve lending, interest-bearing products, or explicitly forbidden activities under Islamic law.
Development and Community Activity
The project maintains active development through community initiatives and social media engagement. The team has implemented basic tokenomics and smart contract functionality, though the primary focus remains on community building and marketing rather than technical innovation.
Token Distribution
The initial token distribution included no pre-sale, with liquidity locked and ownership renounced. This structure reduces the risk of founder enrichment schemes, though trading volumes and price action are largely driven by community participation and market sentiment.
Crypto Impact
To assign a comfort level investing in DogeBonk 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 DogeBonk.
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.