PepeCoin
Crypto Overview
Overview
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 and positions itself primarily as a community-driven token.
Purpose and Utility
The token does not claim any specific utility beyond being a meme coin and facilitating peer-to-peer transactions. There is no whitepaper or technical roadmap, which is explicitly acknowledged by the project. The main use case is trading and transfer of value between willing participants.
Business Model and Operations
PEPE operates as a standard ERC-20 token on Ethereum. The project has no formal business model or revenue generation mechanism. Trading occurs on decentralized and centralized exchanges where actual token ownership is transferred between parties.
Development and Community
While there is limited technical development, the project maintains active social media presence and community engagement. The token contract is verified on Etherscan and implements basic token functionality.
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. This distribution model indicates a fair launch approach.
Current Usage
The primary usage is trading on various cryptocurrency exchanges, where actual ownership of tokens is transferred between parties. The token has achieved significant trading volume and liquidity across multiple platforms.
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.