Pepe
Crypto Overview
Overview
PEPE is a meme cryptocurrency launched in April 2023 on the Ethereum blockchain. It was created as a community-driven project 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 collectible. The project does not claim to solve any technical problems or provide specific technological innovations.
Business Model and Operations
PEPE operates as a simple ERC-20 token with basic transfer functionality. There is no complex business model or additional features. The token has gained significant trading volume on major cryptocurrency exchanges.
Token Distribution
The initial token distribution included no pre-sale or team allocation. 93.1% of the total supply was sent to the liquidity pool on Uniswap, with the remaining 6.9% being burned. The ownership of the contract was renounced, meaning the creators cannot modify the contract or mint new tokens.
Development Activity
There is minimal ongoing development activity as the token operates on a simple smart contract. The project maintains social media presence primarily for community engagement.
Current Usage
The token is primarily used for trading on various cryptocurrency exchanges. It has achieved significant trading volume and market capitalization, making it one of the most traded meme tokens in 2023.
Crypto Impact
To assign a comfort level investing in 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 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.