XRdoge
Crypto Overview
Overview
XRDoge (XRDOGE) is a meme token built on the Radix Network, launched in 2024. The project positions itself as a community-driven meme token that leverages the Radix DeFi ecosystem.
Purpose and Utility
The primary stated purpose of XRDoge is to serve as a community token within the Radix ecosystem, with no complex utilities beyond being a transferable digital asset. The token does not make claims of sophisticated use cases and is transparent about its nature as a meme token.
Business Model and Operations
The token operates as a simple transferable asset on the Radix network. It does not involve any lending, interest-bearing mechanisms, or gambling components. Trading occurs through decentralized exchanges on the Radix network where actual token ownership is transferred between parties.
Development and Community
The project maintains a presence on social media platforms and within the Radix ecosystem. As a meme token, its development activity is minimal, which is consistent with its stated purpose.
Token Distribution
The token follows a fair launch model with no pre-mine for the team. Trading occurs on decentralized exchanges where users take actual ownership of tokens.
Crypto Impact
To assign a comfort level investing in XRdoge 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 XRdoge.
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.