Gay Pepe
Crypto Overview
Overview
Gay Pepe (GAYPEPE) is a meme cryptocurrency launched in May 2023 on the Ethereum blockchain. The project presents itself as a community-driven meme token that combines the popular Pepe meme with LGBTQ+ themes.
Purpose and Utility
The primary stated purpose is to serve as a meme token for trading and community engagement. The token has no additional technological utility beyond being an ERC-20 token that can be transferred between wallets.
Business Model
The token operates purely as a tradeable digital asset. There are no lending, staking, or gambling mechanisms built into the smart contract. The token can be freely bought and sold on decentralized exchanges.
Real-World Adoption
The token has achieved significant trading volume on decentralized exchanges like Uniswap. The primary use case remains trading activity.
Development Activity
The project has a basic ERC-20 smart contract with standard transfer functionality. There is no ongoing technical development as the token's purpose is simply to exist as a tradeable asset.
Token Distribution
Based on blockchain analysis, the token had a fair launch with no pre-mine for developers. The contract shows no special privileges for founders or team members.
Crypto Impact
To assign a comfort level investing in Gay 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 Gay 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.