Froggies Token
Crypto Overview
Purpose and Utility
Froggies Token (FRGST) appears to be a meme token launched on the BNB Chain (formerly BSC). The project's stated purpose is to create a community-driven ecosystem centered around frog-themed content and NFTs.
Business Model Assessment
The token operates as a basic BEP-20 token with no lending, staking, or interest-bearing components. The primary utility appears to be serving as a medium of exchange within its ecosystem and for NFT transactions.
Real-World Adoption
Currently, the token shows limited real-world adoption, with most activity centered around trading on decentralized exchanges. The NFT component of the ecosystem appears to be in early development stages.
Platform Development
Development activity appears minimal based on public blockchain data and social media presence. The project maintains basic social media channels but shows limited technical development beyond the initial token deployment.
Token Distribution
Token distribution information is publicly available through blockchain explorers, though detailed vesting schedules are not clearly documented. The contract does not show any obvious red flags in terms of concentration of ownership or malicious code.
Crypto Impact
To assign a comfort level investing in Froggies Token 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 Froggies Token.
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.