Fuck Pepe
Crypto Overview
Purpose and Utility
FKPEPE was created in May 2023 as a meme cryptocurrency positioned as a rival to the PEPE token. The project presents itself as a community-driven token that aims to unite cryptocurrency enthusiasts who oppose the original PEPE token.
Business Model Evaluation
The token operates on the Ethereum blockchain as an ERC-20 token. Its primary function is serving as a tradeable digital asset, with no lending, staking, or interest-bearing components. The project doesn't facilitate any activities that would be considered haram from an Islamic perspective.
Token Distribution and Development
The token has a total supply of 420.69 trillion tokens. Initial liquidity was provided and locked, with ownership renounced, reducing the risk of developer manipulation. The project follows a fair launch model where tokens were made available to all participants equally.
Real-World Usage
The token primarily functions as a tradeable digital asset on decentralized exchanges. While its utility is limited to trading, this doesn't inherently affect its Sharia compliance since actual asset ownership and transfer occur with each transaction.
Platform Development
The project maintains basic social media presence and community engagement, though development activity is minimal. This is consistent with its nature as a meme token rather than a technical protocol.
Crypto Impact
To assign a comfort level investing in Fuck 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 Fuck 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.