Major Frog
Crypto Overview
Purpose and Utility
Major Frog (MAJOR) is a memecoin launched on the Solana blockchain that positions itself as a community-driven token. The project's stated purpose is primarily social and community-focused, with no specific technological utility beyond being a transferable digital asset.
Business Model and Operations
The project operates as a standard SPL token on Solana, enabling peer-to-peer transfers and trading. There are no lending, staking, or interest-bearing components to the token's functionality. The project does not facilitate or promote any activities that would be considered haram from an Islamic perspective.
Real-World Adoption
The token is primarily traded on decentralized exchanges on Solana. While its adoption is limited and mostly focused on trading activity, this does not affect its Sharia compliance status.
Platform Development
As a memecoin, the project has minimal technical development requirements. The token contract is deployed and functional for its intended purpose of transfer and trading.
Token Distribution
The token distribution and launch details are publicly available through blockchain explorers, with trading occurring in a decentralized manner. The project operates with transparency regarding token movements and transactions.
Crypto Impact
To assign a comfort level investing in Major Frog 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 Major Frog.
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.