This reduces the total supply of PEPE over time and creates deflationary pressure.Īlso Read, Pepe Coin: The Meme Coin That Soared 20,000% in 2023 PEPE Price Analysis Every time someone transfers PEPE, 1% of the transaction amount is burned and removed from circulation. Pepecoin also has a burning mechanism, which aims to maintain scarcity and increase demand. This creates an incentive for users to hold PEPE for longer periods of time and discourages dumping. Every time someone sells PEPE, 10% of the transaction amount is deducted and redistributed to all existing holders. Pepecoin has a unique feature called “redistribution”, which rewards long-term holders and penalizes sellers. It relies entirely on community support and word-of-mouth promotion. Pepecoin has no pre-sale, no team tokens, no marketing fund, and no tax. The other half was added to Uniswap as liquidity. It has a total supply of 1 quadrillion PEPE, half of which was sent to Vitalik Buterin, the co-founder of Ethereum, as a gesture of goodwill. Pepecoin is an ERC-20 token that runs on the Ethereum network. Pepecoin is part of the Rare Pepe project, which aims to create and collect digital art cards featuring Pepe and other characters. Pepecoin claims to have no intrinsic value and no utility, except for being a fun and artistic way to express emotions and opinions on the blockchain. Pepecoin developers tagged Pepecoin as “the most memeable memecoin in existence”, aiming to outshine Dogecoin and Shiba Inu, two of the most famous memecoins in the crypto space. Pepe the Frog became a popular internet meme, associated with various subcultures and movements, such as 4chan, Anonymous, alt-right, and Hong Kong protests. The token is inspired by Pepe the Frog, a character created by cartoonist Matt Furie, who first appeared in the comic strip Boy’s Club in 2005. Pepecoin (PEPE) is a new memecoin that was launched on April 15, 2023, and immediately won the sympathy of the crypto community.
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