CRAZY PEPE
Crypto Overview
Purpose and Utility
CRAZYPEPE is a meme cryptocurrency launched on the Ethereum blockchain. Its primary stated purpose is to be a community-driven meme token that capitalizes on the popularity of the Pepe the Frog meme while offering basic ERC-20 token functionality.
Business Model Assessment
The token operates as a standard ERC-20 token with basic transfer capabilities. There is no lending, staking, or interest-bearing mechanisms built into the protocol. The project primarily focuses on community building and meme-based marketing.
Real-World Adoption
The token has gained traction primarily as a trading asset on decentralized exchanges. While its utility is limited, it does involve actual asset ownership and transfer between parties.
Platform and Development
The project maintains a basic ERC-20 smart contract. There is minimal technical development beyond the initial token deployment.
Token Distribution
The token has a total supply of 1,000,000,000,000,000 tokens. While detailed allocation information is limited, the contract shows no obvious signs of malicious features that would prevent fair trading.
Marketing and Development Balance
The project heavily emphasizes marketing and community engagement over technical development, which is typical for meme tokens but doesn't inherently make it non-compliant from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in CRAZY 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 CRAZY 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.