Pepe Coin

About Pepe Coin ($PEPE)

PEPE represents a deflationary memecoin that was introduced on the Ethereum blockchain. The creation of this cryptocurrency pays homage to the internet meme Pepe the Frog, initially crafted by Matt Furie, which gained substantial popularity in the early 2000s.

The project’s objective revolves around capitalizing on the trend of meme coins, exemplified by coins like Shiba Inu and Dogecoin. Its aspiration is to establish itself as a prominent meme-based cryptocurrency. PEPE has garnered attention within the cryptocurrency community by adopting a tax-free policy, implementing a redistribution system that rewards long-term stakers, and employing a burning mechanism to uphold the scarcity of the PEPE coin.

During the period spanning late April to May 2023, the remarkable surge of PEPE led to its market capitalization soaring to a peak of $1.6 billion, thereby creating substantial wealth for early investors and amassing a robust community of like-minded enthusiasts. This occurrence catalyzed what some describe as a “memecoin season,” triggering remarkable price increases and equally noteworthy declines in other meme-oriented coins, some of which were launched mere hours apart. The future trajectory of PEPE and analogous memecoins remains uncertain, although it is undoubtedly the aspiration of numerous investors for these assets to reach new all-time highs.

The PEPE project unfolds through three distinct phases. The initial phase encompasses listing PEPE on CoinMarketCap and fostering its visibility on Twitter. Subsequent phases involve securing listings on centralized exchanges (CEXs) and progressing to attain listings on prominent exchanges, often referred to as “tier 1,” while concurrently executing a “meme takeover,” as coined by the team.

Founders of PEPE

At the present moment, the identities of the PEPE founders remain undisclosed, a customary practice within the cryptocurrency domain. Despite the scarcity of information concerning the project’s team, they have effectively harnessed social media platforms, particularly Twitter, to promote their memecoin and cultivate a dedicated community around it.

Unique Aspects of PEPE

PEPE distinguishes itself in the meme coin landscape by building upon the legacy of Pepe the Frog, a character imbued with a complex and debated history. This commitment to honoring the character sets PEPE apart from its cryptocurrency counterparts and bolsters its appeal within the broader crypto community.

The distinctive nature of PEPE extends to its redistribution system, which rewards long-term stakers, encouraging prolonged token retention. This strategy aims to cultivate holder incentives and enhance the prospects of long-term viability.

PEPE’s exceptional burning mechanism further accentuates its distinctiveness, aiming to sustain scarcity within the market. Notably, the absence of transaction taxes sets PEPE apart from other cryptocurrencies. This omission of transaction fees widens its appeal, enabling broader adoption and an expanded user base.

PEPE Coin Circulation

PEPE adopts a redistribution model that grants incentives to long-term stakers, fostering stability by incentivizing token retention over swift sales. Additionally, the coin employs a burning mechanism that permanently removes a portion of tokens from circulation at regular intervals. This approach ensures scarcity despite the coin’s substantial maximum supply of 420,690,000,000,000.

Of this maximum supply, 93.1% has been allocated to the liquidity pool on Uniswap, with LP tokens burnt and the deployer contract directed to a null address. The remaining 6.9% resides in a multi-signature wallet intended for future listings on centralized exchanges, bridges, and liquidity pools. This wallet can be tracked via the ENS name “pepecexwallet.eth.” Users can monitor the PEPE/WETH pair on CMC DexScan.

Security Measures for PEPE

PEPE operates as an ERC-20 token within the Ethereum blockchain, secured by the Proof-of-Stake (PoS) consensus mechanism. Decentralized validators stake 32 ETH to validate transactions and safeguard the network.

PEPE Trading Availability: PEPE is tradable on various platforms, including Uniswap (V2), Uniswap (V3), Binance, KuCoin, Huobi, Gate.io, and MEXC, among others.

Frequently Asked Questions (FAQs) about PEPE:

1. What is PEPE?

PEPE is a deflationary memecoin launched on the Ethereum blockchain. It pays tribute to the Pepe the Frog internet meme and aims to establish itself as a prominent meme-based cryptocurrency.

2. Who created the Pepe meme?

The Pepe meme was created by Matt Furie and gained popularity in the early 2000s.

3. How does $PEPE differentiate itself from other meme coins?

$PEPE stands out by building upon the legacy of Pepe the Frog, which gives it a unique appeal. It also implements a no-tax policy, a redistribution system for long-term stakers, a burning mechanism to maintain scarcity, and has achieved significant visibility within the crypto community.

4. What caused PEPE’s explosive surge in 2023?

PEPE’s value surged significantly between late April and May 2023, resulting in a market cap of $1.6 billion. This created wealth for early holders and attracted a strong community. This phenomenon contributed to what some call a “memecoin season,” impacting other memecoins’ prices as well.

5. Who are the founders of $PEPE?

As of now, the founders of $PEPE remain anonymous, which is common in the cryptocurrency world. They’ve used social media platforms like Twitter to promote the memecoin and foster a community.

6. How does PEPE’s redistribution system work?

$PEPE employs a redistribution system that rewards long-term stakers, encouraging them to hold the token for extended periods. This approach promotes stability by discouraging quick selling.

7. What is PEPE’s burning mechanism?

$PEPE features a burning mechanism where a portion of coins is periodically removed from circulation. This maintains scarcity despite the coin’s substantial maximum supply.

8. How many PEPE coins are in circulation?

$PEPE has a maximum supply of 420,690,000,000,000 coins. Of this supply, 93.1% is in the Uniswap liquidity pool, while 6.9% is held in a multi-sig wallet for future purposes.

9. How is PEPE secured?

$PEPE is an ERC-20 token on the Ethereum blockchain, secured by the Proof-of-Stake (PoS) consensus mechanism. Validators stake 32 ETH to process transactions and secure the network.

10. Where can I buy and trade PEPE?

$PEPE is tradable on various platforms, including Uniswap (V2), Uniswap (V3), Binance, KuCoin, Huobi, Gate.io, and MEXC, among others.

11. What are the phases of the PEPE roadmap?

The $PEPE roadmap includes three phases: Phase one involves listing on CoinMarketCap and promoting visibility on Twitter. Phase two aims for listings on centralized exchanges (CEXs), and phase three focuses on securing listings on “tier 1” exchanges while executing a “meme takeover.”

12. How can I track the PEPE/WETH pair?

You can track the PEPE/WETH pair on CMC DexScan.

13. What is the significance of PEPE’s no-tax policy?

PEPE’s no-tax policy sets it apart by not imposing transaction fees, which attracts a wider audience and expands its user base.

14. How can I stay updated on PEPE’s progress?

Stay tuned to the official $PEPE social media accounts and the project’s website for the latest updates and announcements.