Baby Pepe
Crypto Overview
Overview
Baby Pepe (PEPER) is a meme cryptocurrency launched in 2023 on the Ethereum blockchain, created to capitalize on the popularity of the Pepe meme and following the success of the original PEPE token. The token has no explicitly stated utility beyond being a meme token and serving as a tradeable digital asset.
Purpose Analysis
The project does not claim any specific utility beyond being a tradeable meme token. The actual usage aligns with this stated purpose, as it primarily functions as a speculative trading asset.
Business Model Evaluation
The token operates as a simple ERC-20 token with basic transfer functionality. There are no lending, staking, or interest-bearing mechanisms built into the protocol. The project does not facilitate any explicitly haram activities.
Real-World Adoption
The token is primarily traded on decentralized exchanges and has gained some traction within the meme token trading community. Trading volumes and holder numbers fluctuate significantly.
Platform Development
There is minimal technical development as the token uses standard ERC-20 functionality. This aligns with its stated purpose as a simple meme token.
Token Distribution
The token has a fair launch model with no pre-mine for developers. The smart contract suggests no special privileges for developers or hidden mechanisms for token redistribution.
Crypto Impact
To assign a comfort level investing in Baby 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 Baby 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.