ROXY FROG
Crypto Overview
Overview
ROXY FROG appears to be a meme token on the Ethereum blockchain. The project's stated purpose is to create a community-driven cryptocurrency that combines meme culture with the frog theme.
Purpose and Utility
The token's primary utility appears to be serving as a tradeable digital asset and community token. There are no complex DeFi mechanisms, lending protocols, or gambling features integrated into the token's smart contract.
Business Model
The token operates as a simple ERC-20 token with basic transfer functionality. There is no evidence of prohibited activities like gambling, interest-bearing products, or adult content in the token's ecosystem.
Real-World Adoption
The token shows limited but existing trading activity on decentralized exchanges. While adoption is currently modest, this is not a concern from a Sharia compliance perspective.
Platform Development
The project appears to be in its early stages, with basic token functionality implemented. While the development activity is minimal, this does not impact its Sharia compliance status.
Token Distribution
Based on available blockchain data, the token's distribution appears to follow standard practices for meme tokens. While detailed vesting information is not readily available, the token contract does not show signs of malicious features that would prevent trading or transfer of tokens.
Crypto Impact
To assign a comfort level investing in ROXY 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 ROXY 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.