Poodl Token
Crypto Overview
Project Overview
Poodl Token (POODL) is a meme cryptocurrency launched on the Ethereum blockchain. The project positions itself as a community-driven token that incorporates automatic yield generation through transaction fees that are redistributed to holders.
Purpose and Utility
The stated purpose of POODL is primarily as a community token with deflationary mechanics. A percentage of each transaction is burned and another percentage is redistributed to existing holders. The project aimed to build a community around the 'poodle' theme while incorporating basic DeFi mechanics.
Current Usage and Development
The token appears to have minimal current usage beyond trading and speculation. Development activity appears to have significantly decreased, with limited recent updates to the project's infrastructure or ecosystem. The token primarily exists as a basic ERC-20 token with redistribution mechanics.
Business Model Analysis
The core mechanics of the token (redistribution and burn) do not inherently conflict with Islamic principles as they represent straightforward token ownership and transfers. However, it's important to note that the project's utility is limited primarily to these basic tokenomics features.
Platform Activity
Current on-chain data shows very low trading volume and limited holder activity. The project's social media channels and community engagement have also shown minimal recent activity.
Token Distribution and Founder Analysis
The initial token distribution included a fair launch model without pre-mine for developers. The project was community-driven with no significant founder allocation identified.
Crypto Impact
To assign a comfort level investing in Poodl Token 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 Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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