TORG
Crypto Overview
Overview
TORG is a cryptocurrency launched in 2021 that aims to serve as a decentralized digital currency for everyday transactions. The project claims to focus on mass adoption through merchant integration and ease of use.
Purpose and Utility
The stated purpose of TORG is to function as a medium of exchange and store of value. It operates on the Ethereum blockchain as an ERC-20 token and claims to offer fast, secure transactions.
Business Model and Operations
TORG's business model centers around creating a payment ecosystem. The token can be traded on several decentralized and centralized exchanges. While marketing materials suggest merchant adoption plans, current usage appears primarily focused on trading.
Development and Ecosystem
The project maintains basic development activity, though public information about the development team is limited. The token contract appears to be standard ERC-20 implementation without any concerning features.
Token Distribution
Token distribution information is publicly available through blockchain explorers, showing a relatively concentrated initial distribution with some tokens reserved for development and marketing.
Crypto Impact
To assign a comfort level investing in TORG 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 TORG.
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.