Kangal
Crypto Overview
Project Overview
Kangal is a community-driven meme token launched on the Ethereum blockchain in 2021. It was created as a dog-themed cryptocurrency, similar to other meme tokens like Dogecoin and Shiba Inu.
Purpose and Utility
The project presents itself as a decentralized cryptocurrency with a focus on community governance and potential NFT applications. The token can be traded on various decentralized exchanges and serves as a medium of exchange.
Business Model and Operations
The project operates primarily as a tradeable token with some basic governance features. There is no evidence of involvement in prohibited activities such as gambling, interest-based lending, or adult content.
Development and Adoption
The project has shown limited development activity recently. While trading volumes have decreased since its launch, the token continues to be available on several decentralized exchanges.
Token Distribution
The token distribution appears to be relatively decentralized, with no single entity controlling a majority of the supply. There is no evidence of excessive founder allocation or questionable vesting structures.
Crypto Impact
To assign a comfort level investing in Kangal 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 Kangal.
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.