EDOG
Crypto Overview
Project Overview
EDOG (ElonDoge) is a meme cryptocurrency launched in 2023 on the Ethereum blockchain. The project presents itself as a community-driven meme token inspired by Elon Musk and the Doge theme.
Purpose and Utility
The primary stated purpose of EDOG is to serve as a community token for crypto enthusiasts interested in the Elon Musk and Doge theme. The token does not claim any specific utility beyond serving as a tradeable digital asset and potential store of value.
Business Model & Implementation
The project operates as a simple ERC-20 token with basic transfer functionality. There are no lending, staking, or gambling mechanisms built into the protocol. The token can be freely traded on decentralized exchanges where ownership is directly transferred between parties.
Development & Community Activity
The project maintains a basic social media presence and community engagement through Twitter and Telegram. There is limited technical development as the token utilizes standard ERC-20 functionality.
Token Distribution
The token has a total supply of 420,690,000,000,000 EDOG tokens. Initial liquidity was provided to decentralized exchanges to enable trading. While complete ownership distribution data is not publicly available, the token contract does not show any obvious signs of malicious features that would prevent fair trading.
Crypto Impact
To assign a comfort level investing in EDOG 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 EDOG.
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.