XRPEPE
Crypto Overview
Overview
XRPEPE is a recently launched cryptocurrency on the XRP Ledger (XRPL) that appears to combine elements of meme coins with the XRP ecosystem. The token was created in 2023.
Purpose and Utility
The primary stated purpose of XRPEPE is to serve as a community-driven meme token on the XRPL. While it doesn't claim sophisticated technical utility, it functions as a transferable digital asset on the XRP Ledger.
Business Model & Operations
The project operates primarily as a community-driven token with basic transfer and trading functionality. There is no evidence of involvement in lending, gambling, or other prohibited activities.
Development & Adoption
The project maintains basic token functionality on the XRPL. While development activity appears limited, this is consistent with its straightforward use case as a transferable digital asset.
Token Distribution
The token operates on the XRPL with standard transfer capabilities. Detailed information about initial distribution and founder holdings is limited, though this is common for community-driven tokens.
Crypto Impact
To assign a comfort level investing in XRPEPE 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 XRPEPE.
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.