Ape and Pepe
Crypto Overview
Purpose and Utility Analysis
APEPE is a meme cryptocurrency that combines elements of two popular crypto memes - Ape and Pepe. The token was launched in 2023 on the Ethereum blockchain as an ERC-20 token. Its stated purpose is primarily community engagement and social token dynamics.
Business Model Evaluation
The project operates as a basic ERC-20 token with no lending or interest-bearing mechanisms. The primary activity is token trading and community participation. There are no evident mechanisms that would violate Islamic principles in its basic structure.
Real-World Adoption
The token has gained traction primarily as a traded asset on decentralized exchanges. While utility beyond trading is limited, this doesn't affect its halal status as real asset ownership and transfer occurs in trades.
Development Activity
The project shows minimal technical development, focusing instead on community building and marketing. The smart contract is a standard ERC-20 implementation with no complex features.
Token Distribution
Initial token distribution details show a fair launch pattern with no significant pre-allocation to founders. Trading is the primary activity, with genuine token ownership transfers occurring between parties.
Crypto Impact
To assign a comfort level investing in Ape and 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 Ape and 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.