Moby
Crypto Overview
Project Overview
MOBY is a new cryptocurrency token that was created to be the utility token of the MobyDEX - a decentralized exchange aiming to provide decentralized exchange services built on the Dogechain network.
Purpose Assessment
The intended purpose of MOBY is to serve as the utility token for the MobyDEX platform, providing governance rights and fee discounts for holders. The token is also meant to incentivize liquidity provision on the DEX.
Platform Analysis
The project appears to be in early development stages. The DEX platform is functional but with limited adoption so far. Development activity appears to be ongoing based on GitHub repositories and community updates.
Token Distribution and Vesting
Based on available data, the token has a total supply of 200 million MOBY tokens. The exact distribution details and vesting schedules are not clearly documented in public sources.
Current Usage
Current usage primarily revolves around trading on decentralized exchanges and providing liquidity. The governance utility is not yet fully implemented.
Revenue Model
The project's revenue model is based on exchange trading fees, which is a halal business model as it involves facilitating legitimate trade and charging fees for services rendered.
Crypto Impact
To assign a comfort level investing in Moby 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 Moby.
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.