DogeVerse
Crypto Overview
Overview
DogeVerse is a recently launched meme-inspired cryptocurrency that aims to build a community around the Dogecoin theme. The project promotes itself as a decentralized platform that combines elements of meme culture with cryptocurrency trading.
Intended Purpose and Utility
The project's stated purpose is to serve as a community-driven token with potential integration into gaming and NFT platforms. However, at present, its primary use appears to be as a tradeable digital asset.
Business Model Analysis
The token operates on the Ethereum blockchain as an ERC-20 token. There is no lending, staking, or interest-bearing components in its core functionality. The project generates no direct revenue from prohibited activities.
Real-World Adoption
Current adoption is primarily focused on trading activity across decentralized exchanges. While the project's roadmap includes future utility developments, these features are not yet implemented.
Development Activity
The project shows limited but ongoing development activity. The team maintains regular communication through social media channels, though technical development appears to be in early stages.
Token Distribution
The token distribution includes allocations for community rewards, development, and marketing. Initial analysis shows no concerning concentration of tokens among founders or early investors that would indicate a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in DogeVerse 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 DogeVerse.
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.