Pepecoin
Crypto Overview
Overview
Pepecoin (PEP) is a meme cryptocurrency launched in April 2023, inspired by the Pepe the Frog internet meme. The token exists on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The creators launched Pepecoin without any explicit utility beyond being a meme token and facilitating peer-to-peer transactions. The token has no whitepaper and was launched with minimal pretense of technical innovation.
Business Model and Token Distribution
The token launched with no presale, private sale, or team allocation. 93.1% of the total supply was sent to the Uniswap liquidity pool, with the remaining 6.9% being burned. This distribution model suggests a fair launch without privileged allocation to founders.
Real-World Adoption
Pepecoin has achieved significant trading volume on major cryptocurrency exchanges including Binance, OKX, and Bybit. The primary use case remains trading and speculation, which is consistent with its intended purpose as a meme token.
Platform Development
There is minimal traditional development activity as the token operates as a basic ERC-20 contract. This aligns with its stated purpose as a meme token rather than a technical platform.
Revenue Model and Operations
The token operates purely as a tradable digital asset, with no lending, staking, or interest-bearing mechanisms. Trading occurs through standard cryptocurrency exchanges where actual ownership of tokens is transferred between parties.
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.