Trollcoin
Crypto Overview
Overview
Trollcoin (TROLL) is a cryptocurrency that was created in 2014 as a memecoin. It operates on its own blockchain using a Proof of Work consensus mechanism.
Purpose and Utility
The stated purpose of Trollcoin was to create a fun, community-driven cryptocurrency for tipping and small transactions within social media and gaming communities. The project focused on creating a light-hearted atmosphere around cryptocurrency transactions.
Current Usage and Development
The project has very limited current development activity and usage. While it maintains basic blockchain functionality allowing for peer-to-peer transfers, its initial social tipping use case never gained significant adoption.
Token Distribution
Trollcoin had a fair launch with no pre-mine, meaning the tokens were distributed through mining rather than being allocated to founders or early investors. This suggests the project was not designed as a scheme to enrich founders.
Business Model and Activities
The cryptocurrency operates as a basic payment and transfer system. It does not involve any lending, interest-bearing products, or activities that would be considered haram. The fundamental operation involves straightforward peer-to-peer transfers of digital assets.
Crypto Impact
To assign a comfort level investing in Trollcoin 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 Trollcoin.
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.