Trex20
Crypto Overview
Overview
Trex20 (TX20) is an ERC-20 token launched on the Ethereum blockchain in January 2024. It was created as a decentralized social/meme token inspired by crypto-twitter's popular T-Rex dinosaur memes.
Purpose and Utility
The primary stated purpose of TX20 is to serve as a community-driven token for social engagement and meme sharing within the crypto community. The token does not claim any complex utility beyond serving as a tradeable digital asset and community token.
Business Model and Current Usage
TX20 operates as a standard ERC-20 token with basic transfer functionality. The token is primarily traded on decentralized exchanges like Uniswap. There are no lending, staking, or gambling mechanisms built into the protocol.
Token Distribution
Initial token distribution was conducted through a fair launch mechanism where tokens were made available on Uniswap with no pre-mine or team allocation. Contract ownership was renounced upon launch, meaning no single entity has special control over the token.
Development Activity
As a simple ERC-20 token, TX20 does not require ongoing technical development. The project maintains active social media presence primarily focused on community engagement and meme sharing.
Crypto Impact
To assign a comfort level investing in Trex20 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 Trex20.
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.