Based Pepe
Crypto Overview
Overview
Based Pepe (PEPE) is a meme cryptocurrency launched in April 2023 on the Ethereum blockchain. It was created as a community-driven token inspired by the Pepe the Frog internet meme.
Purpose and Utility
The token's primary stated purpose is to serve as a community-driven meme token. It has no explicit utility beyond trading and serving as a digital asset. The project does not claim to solve any technical problems or provide specific functionality.
Business Model
The token operates on a simple model of free market trading. There are no lending, staking, or gambling mechanisms built into the protocol. The token can be freely bought, sold, and transferred between parties.
Real-World Adoption
PEPE has achieved significant trading volume and is listed on major cryptocurrency exchanges. While primarily used for trading, this represents legitimate asset exchange between willing parties.
Development Activity
The project has minimal technical development as it operates as a standard ERC-20 token. This is consistent with its stated purpose as a meme token.
Token Distribution
The token launched with no presale, no team allocation, and no venture capital funding. 93.1% of the total supply was sent to the liquidity pool, with the remaining 6.9% being burned. This distribution model shows fairness in token allocation.
Crypto Impact
To assign a comfort level investing in Based 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 Based 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.