Doggo (doggocto.com)
Crypto Overview
Overview
Doggo (DOGGO) is a meme cryptocurrency launched on the Optimism network. The project positions itself as a community-driven meme token that aims to bring together dog-themed cryptocurrency enthusiasts.
Purpose and Utility
The primary stated purpose of DOGGO is to serve as a tradeable digital asset and community token within the Optimism ecosystem. The token has no explicit utility beyond serving as a medium of exchange and store of value.
Business Model and Development
The project operates on a simple model of token trading and community building. There is no complex DeFi functionality, lending, or gambling mechanisms integrated into the token's smart contract.
Token Distribution
The token launched with a fair distribution model where tokens were made available through decentralized exchanges. There was no pre-sale or team allocation, suggesting a fair launch approach.
Platform Activity
The token exists as an ERC-20 token on the Optimism network. Trading primarily occurs on decentralized exchanges like Uniswap.
Marketing and Development
The project maintains an active social media presence and community engagement strategy, typical of meme tokens. Development activity is minimal as the token operates on a simple smart contract without complex functionality.
Crypto Impact
To assign a comfort level investing in Doggo (doggocto.com) 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 Doggo (doggocto.com).
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.