DogeZilla
Crypto Overview
Project Overview
DogeZilla is a memecoin launched in 2021 that positions itself as a community-driven cryptocurrency with an anti-whale mechanism and automatic reward distribution system. The token runs on the Binance Smart Chain (BSC).
Stated Purpose and Utility
The project claims to offer utility through: 1) Anti-whale mechanisms to prevent price manipulation, 2) Automatic redistribution of transaction fees to holders, 3) A planned gaming platform and NFT marketplace.
Current Usage and Development
The token primarily functions as a speculative trading asset on decentralized exchanges. While the project's whitepaper outlines various planned utilities, current usage remains predominantly focused on trading. Development activity appears minimal based on public GitHub repositories and social media updates.
Token Distribution and Economics
The token implements a 10% transaction fee: 5% is redistributed to holders, and 5% goes to the liquidity pool. Initial token distribution details and founder wallet allocations are publicly available through blockchain explorers.
Platform Development
The project's development progress on stated goals like the gaming platform and NFT marketplace has been limited. Social media channels remain active but focus primarily on price discussion and community engagement rather than technical development.
Crypto Impact
To assign a comfort level investing in DogeZilla 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 DogeZilla.
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.