Pongo
Crypto Overview
Overview
Pongo is a newly developed meme cryptocurrency launched in 2024 on the Solana blockchain. The project presents itself as a community-driven token themed around orangutans.
Purpose and Utility
The stated purpose of Pongo is primarily as a community token with no specific utility beyond trading and potential value appreciation. The project does not claim any advanced technological features or specific use cases.
Business Model
The project operates as a standard meme token with community engagement through social media. There are no apparent mechanisms involving interest, gambling, or other prohibited activities in its core functionality.
Real-World Adoption
The token is primarily used for trading on decentralized exchanges on the Solana blockchain. Current adoption is limited to trading activity.
Platform Development
The project appears to be in its early stages with minimal technical development beyond the basic token contract. There is no evidence of prohibited activities in its implementation.
Token Distribution
Available information suggests the token has a fair launch structure without any pre-mining or team allocation, though complete verification of this is challenging due to the project's recent nature.
Crypto Impact
To assign a comfort level investing in Pongo 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 Pongo.
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.