Farmers Only
Crypto Overview
Overview
Farmers Only (FOX) is an Ethereum-based cryptocurrency launched in 2023 positioned as a governance and utility token for an upcoming decentralized farming-themed ecosystem.
Purpose and Utility
The stated purpose is to serve as a governance token for future decentralized applications focused on farming simulations and agricultural-themed gaming. The token is intended to provide voting rights on protocol decisions and access to planned farming-based games.
Currently, the primary utility remains speculative trading on decentralized exchanges, as the promised ecosystem features are still in development.
Business Model and Development
The project is in very early stages with limited technical documentation available. Development activity appears minimal based on public GitHub repositories. The team maintains an active social media presence primarily focused on community building and marketing.
Token Distribution
Initial token distribution details are publicly available, with 40% allocated to the community, 30% to the development team (with a 12-month vesting period), 20% for marketing, and 10% for liquidity provision.
Platform Activity
Current usage is primarily centered around trading on decentralized exchanges like Uniswap. No significant partnerships or real-world applications have been announced yet.
Crypto Impact
To assign a comfort level investing in Farmers Only 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 Farmers Only.
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.