X Doge
Crypto Overview
Overview and Purpose
X Doge (X) is a meme-inspired cryptocurrency launched in 2023 that operates on the X messaging platform (formerly Twitter). It was created to function as a community-driven token and aims to facilitate peer-to-peer transactions within the X ecosystem.
Business Model and Utility
The primary utility of X Doge involves facilitating transactions and tipping on the X platform. While it began as a meme token, it has developed some practical applications within the X ecosystem, including peer-to-peer transfers and community engagement features.
Real-World Adoption
The token has gained traction within the X platform community, with users actively trading and transferring the token. However, its utility remains primarily focused on the X ecosystem.
Platform Development
The project maintains an active development team and community. Updates and improvements to the token's functionality are regularly implemented, particularly focusing on integration with X platform features.
Token Distribution
The token distribution shows a relatively decentralized structure, with no single entity holding a majority of tokens. The project implements standard vesting periods for team allocations.
Crypto Impact
To assign a comfort level investing in X Doge 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 X Doge.
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.