DOGEFATHER

Halal Rating :
Comfortable
Last Price $0.0017 Last updated:
Rank 1845
1D Change -19.48 %
Market Cap $1.71m
Circulating supply 999,977,638
Maximum supply 999,977,638

Crypto Overview

Categories
  • Memes
  • Solana Ecosystem

Overview

DOGEFATHER is a meme cryptocurrency launched in the wake of Dogecoin's popularity. The project appears to be inspired by Elon Musk's self-proclaimed title as the 'Dogefather' from his SNL appearance.

Purpose and Utility

The token's primary stated purpose is to be a community-driven meme token in the cryptocurrency space. It does not claim any specific technological innovations or unique use cases beyond serving as a tradeable digital asset.

Business Model and Operations

The token operates on the Ethereum blockchain as an ERC-20 token. There is no complex business model - it functions as a basic cryptocurrency that can be bought, sold, and transferred between wallets.

Platform Analysis

The project does not maintain an active development ecosystem or roadmap. Its primary function remains as a tradeable digital asset.

Token Distribution and Marketing

While specific details about token distribution are limited, the project appears to rely heavily on community-driven marketing and social media presence. No significant red flags regarding token distribution or vesting have been identified that would suggest a scheme specifically designed to enrich founders.

Prohibited Activities Assessment

The token does not facilitate gambling, interest-bearing lending, or other prohibited activities. It functions purely as a tradeable digital asset.

Crypto Impact

To assign a comfort level investing in DOGEFATHER 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 DOGEFATHER.

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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