Hog
Crypto Overview
Project Overview
HOG token is the native cryptocurrency of HoggFi, a meme-inspired Web3 ecosystem launched in 2024. The project builds on the popularity of hog/pig themed tokens while attempting to provide actual utility through its ecosystem.
Stated Purpose and Utility
According to the project documentation, HOG aims to serve multiple functions: 1) As a governance token for the HoggFi ecosystem, 2) As a medium of exchange within their planned NFT marketplace, and 3) For staking rewards within their ecosystem.
Current Usage and Adoption
Being a very new project, current usage is primarily centered around trading on decentralized exchanges. The promised utility features like NFT marketplace and staking are still in development according to their roadmap.
Token Distribution
Initial token distribution allocates 40% to public sale, 20% to liquidity pools, 15% to team (with 2-year vesting), 15% to ecosystem development, and 10% to marketing.
Development Activity
The project maintains an active GitHub repository with regular commits focused on smart contract development and ecosystem tools. The development team is pseudonymous but maintains regular communication through official channels.
Business Model Analysis
The core business model focuses on building a decentralized ecosystem where HOG serves as the primary medium of exchange. While currently trading-focused, the planned features do not inherently conflict with Islamic principles as they involve actual asset exchange and utility creation.
Crypto Impact
To assign a comfort level investing in Hog 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 Hog.
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.