American pepe
Crypto Overview
Overview
American Pepe (USPEPE) is a meme cryptocurrency launched on the Ethereum blockchain in 2023. The project presents itself as a community-driven token celebrating American patriotism and the Pepe meme culture.
Purpose and Utility
The primary stated purpose of USPEPE is to serve as a tradeable digital asset and community token. While it doesn't claim specific technological utility beyond being a tradeable ERC-20 token, this is clearly communicated in their documentation and social media presence.
Business Model and Operations
The token operates primarily as a speculative digital asset with community governance aspects. The project maintains transparency regarding its nature as a meme token, and there are no hidden mechanisms or deceptive practices identified in the smart contract.
Token Distribution and Liquidity
The token has a 44% circulating supply with liquidity pools primarily on decentralized exchanges. The contract ownership was renounced, and initial liquidity was locked, demonstrating commitment to decentralization.
Development and Community Activity
The project maintains active social media presence and community engagement. While primarily focused on community building rather than technical development, this aligns with its stated purpose as a meme token.
Evaluation of Sharia Compliance Factors
1. The token involves actual ownership and transfer of digital assets
2. There are no lending, interest-bearing, or gambling mechanisms built into the smart contract
3. The project does not facilitate or promote any haram activities4. Trading occurs through legitimate exchange of digital assetsCrypto Impact
To assign a comfort level investing in American pepe 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 American pepe.
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.