DuckDAO

Halal Rating :
Comfortable
Contract: 0x7d51888C5ABb7CDfa9cdd6A50673c7F8afAccD7F
Last Price $0.099 Last updated:
Rank 5139
1D Change -1.15 %
Market Cap -
Circulating supply 0
Maximum supply 13,000,000

Crypto Overview

Categories
  • Ethereum Ecosystem

Overview

DuckDAO is a community-driven incubator platform launched in 2020 that aims to help early-stage cryptocurrency projects with funding, marketing, and development support. The DD token serves as the platform's governance token, allowing holders to participate in project selection and decision-making.

Purpose and Utility

The intended purpose of DD tokens is to provide governance rights and access to early-stage investment opportunities within the DuckDAO ecosystem. Token holders can participate in voting on project proposals and gain priority access to token sales of incubated projects.

Business Model Analysis

The platform operates as an incubator and launchpad, which is a permissible business model under Islamic principles as it involves the exchange of real services and value. The core activities involve supporting legitimate blockchain projects and facilitating early-stage investments.

Real-World Adoption

DuckDAO has incubated several blockchain projects and maintains active community governance. While trading volume and market activity have decreased significantly since its peak, the platform continues to operate its core incubation services.

Development Activity

The project maintains basic operational functionality but shows limited recent development activity on public repositories. The team continues to manage the platform's incubation services and community governance processes.

Token Distribution and Vesting

Initial token distribution included allocations for team members and early investors with standard vesting schedules. While detailed current distribution data is limited, there haven't been any notable concerns about founder exits or token dumps.

Rating Justification

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