Flochi
Crypto Overview
Overview
Flochi is a meme cryptocurrency launched in January 2024 on the Avalanche blockchain, positioning itself as a community-driven token combining elements of popular meme coins with stated utilities in gaming and NFTs.
Purpose and Utility
The project claims to be developing gaming utilities and NFT features, though these are currently in early stages. The token primarily functions as a community-driven meme coin with basic transfer and trading capabilities.
Business Model Evaluation
The token operates on standard decentralized exchange mechanisms for trading. No lending, staking, or interest-bearing components have been identified. Trading occurs through decentralized exchanges where actual token ownership transfers take place.
Real-World Adoption
Current usage primarily centers around trading on decentralized exchanges. While gaming and NFT utilities are promised, these features are not yet implemented.
Token Distribution
The token launched with a fair distribution model, with no pre-sale or team allocation. Liquidity is locked, providing basic protection against rug pulls. Team tokens appear to be minimal, reducing founder enrichment risks.
Development Activity
Development is in early stages, with focus currently on community building and marketing. The team maintains regular communication through social media channels.
Crypto Impact
To assign a comfort level investing in Flochi 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 Flochi.
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.