Smog
Crypto Overview
Overview
SMOG is a meme cryptocurrency launched in February 2024 on the Solana blockchain. The project later expanded to include deployment on the Bitcoin network through Ordinals.
Purpose and Utility
The primary stated purpose of SMOG is to serve as a community-driven meme token with elements of gamification through an 'adventure' themed ecosystem. The project implements a quest system where holders can complete tasks to earn rewards.
Business Model and Operations
The token operates primarily as a tradeable digital asset with additional utility through its quest system and community engagement features. The project does not involve inherently prohibited activities like interest-bearing products, gambling, or adult content.
Development and Adoption
The project has shown active development with its expansion to Bitcoin network and implementation of the quest system. The token has gained significant trading volume across various decentralized exchanges.
Token Distribution
The token initially launched on Solana with a fair launch mechanism. A portion was later bridged to Bitcoin network through Ordinals. The exact distribution metrics and vesting schedules are not publicly detailed.
Crypto Impact
To assign a comfort level investing in Smog 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 Smog.
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.