PEPE is a memecoin, similar to Dogecoin or Shiba Inu, which aims to take advantage of the popularity of these types of tokens and replace dog-themed coins.
Pepe is a memecoin, a type of cryptocurrency that is created as a "joke" and that has no real use, developed on the Ethereum blockchain.
The cryptocurrency is a tribute to the popular and controversial internet meme, Pepe The Frog, created by Matt Furie, which was very popular in the early 2000s.
However, on their website a message is displayed in which they ensure that the project has no connection with the creator of the meme or with the ideology that it could represent. This is because some exchanges have banned their listing due to the meme's links to some extremist ideals.
pepe popularity
The memecoin gained a lot of popularity between the end of April and the beginning of May 2023, with an explosive rise that placed its market capitalization at more than 1.600 billion dollars.
This caused early holders to make huge profits, which quickly attracted the attention of a part of the crypto community whose objective is speculation.
In fact, Pepe's success has led to talk of a "memecoin season" or "memecoin season" again, since other similar projects have appeared and grown a lot in a short time.
Who is behind PEPE?
The PEPE team is anonymous, something that is not uncommon in the world of cryptocurrencies. other cryptocurrencies like Shiba Inu They have been developed by anonymous groups.
Despite the fact that there is practically no information about them, the project has managed to get a lot of attention on social networks and has positioned itself as one of the most popular in a short time.
PEPE Features
Unlike other similar cryptocurrencies, such as Shiba Inu, PEPE is deflationary, a characteristic with which it intends to improve its price.
The main attraction of Pepe is that it offers a tax-free policy, a redistributive system that rewards stakers in the long term, and a burn mechanism that allows to maintain the scarcity of the currency.
What makes PEPE unique?
First of all, the choice of the Pepe The Frog meme makes it a “symbol” for a community that has used this meme for decades.
Another differential point is the token redistribution system, which favors users who stake long-term and incentivizes holders to hold the coin for as long as possible.
On the other hand, PEPE has a unique burning mechanism, designed to maintain the escasez of the token, a vital characteristic for the Pepe price is maintained and has opportunities to grow.
Finally, the no-fee policy also the difference from other similar cryptocurrencies. With no transaction fees, the project could appeal to a wider audience and expand its user base.
The PEPE token
PEPE is a ERC-20 token which, like other memecoins, has no further use beyond value exchange and speculation (At the moment, it is possible that in the future developers will implement new use cases, for example, in governance).
Has a full supply of 420.690.000.000.000 tokens and integrates a burn mechanism that prevents the token from being inflationary.
El 93,1% of the tokens have been sent to a liquidity pool on Uniswap and all the LPs (liquidity tokens) have been burned and the contract has been relinquished.
El The remaining 6,9% of the tokens are held in a multi-signature wallet to be used as tokens for futures listings on centralized exchanges, bridges, and liquidity pools. This wallet is easily traceable as it has an ENS name: pepecexwallet.eth.
PEPE Roadmap
PEPE is currently in the first phase of its roadmap, which consists of launching the meme coin whose objective is to accumulate holders, appear on CoinmarketCap and CoinGecko, get the first 1.000 holders and revive interest in this type of tokens.
From now on:
- 2 phase: Create a newsletter for the community, a Discord channel (Pepe Palace) for holders, listing in the main CEX and 10.000 holders.
- 3 phase: Pepe Academy, Pepe Tools, Pepe merchandising, 100.000 holders and being listed in the Tier 1 CEX
What is a meme coin and why are they popular again?
Meme coins are tokens created based on the concept of meme, an image used in the language of the Internet to express a specific concept or mood.
An example of a meme used on the Internet.
Meme coins use the concept of meme and have no value beyond simple exchange or possession.
This type of cryptocurrency was very popular in the last bull run, since its greatest value resides precisely in speculation, where its greatest danger also resides.
As has been the case with PEPE, they are tokens that rise in value very quickly. However, in most cases, they lose it just as quickly, so They are VERY HIGH risk assets.
The most popular of these tokens are the so-called Dog Coins, dog-themed coins such as Dogecoin or Shiba Inu.
Although these projects are born as speculative tokens, it is normal that, over time, the community that gathers around them begins to work, creating new features, tools and use cases, as has happened with Shiba Inu and Layer 2 Shibarium chain.
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