Memetic / PepeCoin
Crypto Overview
Overview
Memetic / PepeCoin (MEME) is a cryptocurrency that originated in 2016 as one of the earliest meme-based tokens. The project started as a fork of LiteCoin and initially focused on meme culture and social media tipping.
Purpose and Utility
The token's primary stated purpose is to serve as a medium of exchange within meme communities and content creators. It allows for quick transactions and tipping between users who create or share meme content.
Current Usage
While the project began with specific utility goals, its current usage is primarily centered around trading on various cryptocurrency exchanges. The token maintains active trading volumes but has limited adoption for its original content creator tipping use case.
Development Activity
Development activity has been minimal in recent years, with most updates focusing on maintaining basic functionality rather than expanding features. The project maintains its basic infrastructure but hasn't introduced significant new utility features recently.
Token Distribution
The token distribution appears relatively decentralized due to its age and long trading history. There isn't a concerning concentration of tokens in founder or developer wallets based on available on-chain data.
Revenue Model
The project doesn't involve any interest-bearing mechanisms, lending, or gambling features. It functions purely as a transferable digital asset.
Crypto Impact
To assign a comfort level investing in Memetic / PepeCoin 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 Memetic / PepeCoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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