Poodl Inu
Crypto Overview
Overview
Poodl Inu is a meme-based cryptocurrency token launched on the Ethereum blockchain, later expanding to Binance Smart Chain. The project initially positioned itself as a community-driven token with deflationary mechanics through a 2% transaction tax that is redistributed to holders.
Purpose and Utility
The stated purpose of POODL is primarily as a community token with basic tokenomics features including redistribution mechanics. The project has attempted to build a community around the 'poodle' theme, similar to other dog-themed cryptocurrencies.
Business Model and Implementation
The token operates on a simple model of token transfers with redistribution mechanics. There is no evidence of involvement in explicitly haram activities such as gambling, interest-bearing products, or adult content. The primary activity appears to be trading and holding.
Real-World Adoption
Current adoption appears limited primarily to trading on decentralized exchanges. On-chain data shows most activity consists of basic token transfers and trading.
Development Activity
Development activity appears minimal, with most updates focused on community engagement rather than technical development.
Token Distribution
Token distribution information shows no concerning concentration in founder wallets that would indicate a scheme to enrich founders. The redistribution mechanism appears to function as described in the documentation.
Crypto Impact
To assign a comfort level investing in Poodl Inu 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 Poodl Inu.
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.