Groggo By Matt Furie
Crypto Overview
Overview
Groggo is a meme cryptocurrency created in reference to 'Pepe the Frog' creator Matt Furie. It was launched on Solana blockchain and claims to be the first official Matt Furie token, though this claim requires verification.
Purpose and Utility
The token's primary stated purpose appears to be serving as a community token celebrating Matt Furie's artwork and creating a community around his artistic legacy. However, there is limited documentation available about specific utility beyond trading and community participation.
Business Model and Operations
The project appears to operate primarily as a community-driven meme token. There is no clear evidence of lending, staking, or interest-bearing mechanisms that would raise Islamic finance concerns.
Development and Platform Activity
The project maintains a basic web presence and social media channels. Detailed technical documentation or substantial development activity is not readily apparent.
Token Distribution and Governance
Information about token distribution, founder allocations, and vesting schedules is limited in publicly available sources. The token operates on the Solana blockchain, inheriting its technical characteristics.
Crypto Impact
To assign a comfort level investing in Groggo By Matt Furie 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 Groggo By Matt Furie.
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.