Sonic The Goat
Crypto Overview
Overview
Sonic The Goat (GOAT) appears to be a meme cryptocurrency on the Binance Smart Chain network that launched in October 2023. The project combines elements of the Sonic the Hedgehog gaming franchise with goat-themed imagery.
Purpose and Utility
The stated purpose is primarily as a community-driven meme token with basic tokenomics including reflections to holders. No significant unique utility beyond trading and holding has been identified.
Business Model Analysis
The project functions as a standard BSC token with basic buy/sell mechanics. No lending, gambling, or explicitly haram activities have been identified in the token's smart contract or ecosystem.
Real World Adoption
Current adoption appears to be limited to trading on decentralized exchanges. No significant real-world partnerships or applications have been identified.
Development Activity
Limited verifiable development activity could be found beyond the initial token deployment and social media presence.
Token Distribution
While detailed tokenomics information is limited, the token appears to follow standard fair launch practices without excessive founder allocations based on available on-chain data.
Crypto Impact
To assign a comfort level investing in Sonic The Goat 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 Sonic The Goat.
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.
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