PEPE (Ordinals)
Crypto Overview
Overview
PEPE (Ordinals) is a Bitcoin-based NFT meme token launched in 2023 that uses the BRC-20 token standard on Bitcoin's ordinals protocol. It's important to note this is different from the Ethereum-based PEPE token.
Purpose and Utility
The token's primary stated purpose is to serve as a collectible digital asset on the Bitcoin blockchain, leveraging the popularity of the Pepe the Frog meme. The token enables users to own and trade unique digital assets on Bitcoin's network using the ordinals protocol.
Business Model & Implementation
The project operates as a purely decentralized token with no central team or foundation. The token utilizes Bitcoin's ordinals protocol which allows for the inscription of data directly onto individual satoshis (the smallest unit of Bitcoin).
Real-World Adoption
The token has gained significant trading volume on various decentralized and centralized exchanges. While primarily used for trading and collecting, it demonstrates the technical capability of Bitcoin's ordinals protocol.
Development Activity
As a BRC-20 token, PEPEBRC relies on Bitcoin's underlying infrastructure and the ordinals protocol. There is no independent development team or roadmap.
Token Distribution
The token was launched with a fair distribution model, with no pre-mine or team allocation. All tokens were made available to the public from launch.
Crypto Impact
To assign a comfort level investing in PEPE (Ordinals) 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 (Ordinals).
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.