Pepe
Crypto Overview
Overview
PEPE is a meme cryptocurrency launched in April 2023 on the Ethereum blockchain, inspired by the popular Pepe the Frog internet meme. The token has no explicit utility beyond being a community-driven meme token.
Purpose and Utility
The creators of PEPE have not claimed any specific utility or technological purpose for the token. It functions purely as a tradeable digital asset, with its primary use being speculation and community participation. The token does not provide governance rights, staking capabilities, or other technological features.
Business Model and Operations
PEPE operates as a simple ERC-20 token with basic transfer functionality. There is no complex business model or revenue generation mechanism. The project relies entirely on community engagement and trading activity.
Token Distribution
The initial token distribution included no pre-sale or private allocation. The developers renounced contract ownership and burned the liquidity pool tokens, making it impossible to modify the contract or remove liquidity. There was no founder allocation or team tokens.
Development and Platform Activity
There is minimal technical development as the token operates on standard ERC-20 infrastructure. The project's activity primarily revolves around community engagement and marketing efforts.
Real-World Usage
The token is primarily used for trading on various cryptocurrency exchanges. It has achieved significant trading volume and market capitalization, though its usage remains concentrated in trading activities rather than any technological application.
Crypto Impact
To assign a comfort level investing in Pepe 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.
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.