GogolCoin
Crypto Overview
Overview
GogolCoin (GOL) is a cryptocurrency project that positions itself as a Web3 infrastructure project focused on digital payments and blockchain applications. The project claims to offer fast, secure transactions and aims to facilitate digital payments across various platforms.
Purpose and Utility
The stated purpose of GogolCoin is to serve as a medium of exchange and payment solution within its ecosystem. The project also claims to be developing blockchain-based applications for real-world use cases.
Current Usage and Adoption
The actual usage of GogolCoin appears to be primarily concentrated on cryptocurrency exchanges where it is traded. While the project claims various utilities, concrete evidence of widespread adoption for its stated purposes is limited.
Development Activity
The project maintains a basic development presence, though specific details about recent technical updates or significant platform improvements are sparse. The project does appear to have a functioning blockchain and basic transaction capabilities.
Token Distribution and Governance
Information about token distribution and governance structure is publicly available, with no immediate red flags regarding excessive concentration of tokens among founders or early investors. The project appears to maintain standard security measures for its blockchain operations.
Revenue Model
The primary revenue model appears to be based on transaction fees and the appreciation of the token value. This model does not inherently involve riba (interest) or gambling mechanisms.
Crypto Impact
To assign a comfort level investing in GogolCoin 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 GogolCoin.
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.