PepeCoin
Crypto Overview
Overview
PepeCoin (PEPE) is a meme cryptocurrency launched in April 2023, inspired by the Pepe the Frog internet meme. The token operates on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The creators did not claim any specific utility beyond being a meme token and community-driven project. The token has no explicit technological purpose or unique features. It functions as a basic ERC-20 token that can be transferred between wallets.
Business Model and Operations
The project operates primarily as a community-driven meme token. There is no complex business model or revenue generation mechanism. The token can be freely traded on various cryptocurrency exchanges.
Development and Platform Activity
There is minimal technical development as the token uses standard ERC-20 functionality. No additional features or technological developments have been implemented beyond the basic token contract.
Token Distribution
The initial token distribution was conducted through a fair launch mechanism, with no pre-sale or team allocation. The token supply is fixed at 420.69 trillion PEPE, and the contract ownership was renounced after launch.
Current Usage
The primary use of PEPE is trading on cryptocurrency exchanges. The token has achieved significant trading volume and market presence on major exchanges including Binance, OKX, and others.
Crypto Impact
To assign a comfort level investing in 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 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”.
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.