Dogecoin 2.0
Crypto Overview
Overview
Dogecoin 2.0 (DOGE2) is a BEP-20 token launched on the Binance Smart Chain in 2021, positioning itself as an improved version of the original Dogecoin. The project claims to offer enhanced tokenomics and smart contract capabilities compared to the original DOGE.
Purpose and Utility
The stated purpose of DOGE2 is to serve as a medium of exchange and store of value while incorporating deflationary mechanics through token burns. The project implements a 10% transaction fee, with 5% distributed to holders and 5% added to the liquidity pool.
Business Model Analysis
The token operates primarily as a tradable digital asset on decentralized exchanges. While the project's whitepaper mentions potential use cases like NFTs and a gaming platform, these features have not been implemented as of the latest assessment.
Real-World Adoption
Current usage is primarily centered around trading on decentralized exchanges. The token has not achieved significant adoption for its proposed utility features.
Development Activity
The project shows limited ongoing development activity. The most recent updates have been focused on marketing rather than technical development.
Token Distribution
Initial token distribution included no pre-mine or developer allocation. Tokens were made available through fair launch on PancakeSwap.
Crypto Impact
To assign a comfort level investing in Dogecoin 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 Dogecoin 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.