Pepe Coin
Crypto Overview
Overview
Pepe Coin (PEPE) is a meme cryptocurrency launched in April 2023 on the Ethereum blockchain. It was created as a tribute to the Pepe the Frog internet meme, with no explicit utility beyond being a community-driven meme token.
Purpose and Utility
The creators did not claim any specific utility for PEPE beyond being a meme token. The project has no whitepaper, roadmap, or stated technological objectives. Its primary use case is trading and serving as a community token.
Business Model and Operations
PEPE operates as a simple ERC-20 token with basic transfer functionality. There is no complex tokenomics, no staking, no lending, and no gambling mechanisms built into the smart contract. The project has gained significant trading volume on major cryptocurrency exchanges.
Token Distribution
The initial token distribution included no team allocation, with 93.1% of the supply released to the public through trading pairs, and the remaining 6.9% being burned. There are no vesting schedules or lock-up periods since there was no team allocation.
Development Activity
The token contract is simple and immutable, with no ongoing development activity required. The community manages social media presence and marketing efforts.
Real-World Usage
PEPE is primarily used for trading on cryptocurrency exchanges. It has achieved significant trading volume and market capitalization, being listed on major exchanges including Binance and OKX.
Crypto Impact
To assign a comfort level investing in Pepe Coin 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 Coin.
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.