PEPE is a deflationary memecoin launched on the Ethereum blockchain, paying homage to the popular internet meme character Pepe the Frog created by Matt Furie in the early 2000s. The cryptocurrency aims to capitalize on the success of meme coins like Shiba Inu and Dogecoin, embracing a no-tax policy and simplicity as a memecoin.
- Meme Coin Tribute: PEPE is designed as a tribute to the Pepe the Frog internet meme, creating a connection with internet culture and the meme community.
- No-Tax Policy: The project adopts a no-tax policy, aiming to keep its structure simple and pure as a memecoin.
- Community Surge: In late April to May 2023, PEPE experienced a surge in popularity, reaching a market cap of $1.6 billion. This attracted a strong community and led to the emergence of what some call a “memecoin season.”
- Roadmap Phases: The PEPE roadmap includes phases such as CoinMarketCap listing, getting $PEPE trending on Twitter, listing on centralized exchanges (CEXs), and a “meme takeover” on tier 1 exchanges.
Founders: The founders of PEPE remain anonymous, a common practice in the cryptocurrency space. They have utilized social media platforms, particularly Twitter, to promote PEPE and build a community around the memecoin.
Unique Aspects: PEPE distinguishes itself by building upon the legacy of Pepe the Frog, a character with a significant and controversial history. The project’s commitment to honoring this character adds a unique aspect to its identity.
Circulating Supply: PEPE employs a redistribution system to reward long-term stakers, encouraging coin stability. The maximum supply is 420,690,000,000,000 PEPE, with a burning mechanism in place to remove coins from circulation regularly.
Security: As an ERC-20 token on the Ethereum blockchain, PEPE is secured by the Proof-of-Stake (PoS) consensus mechanism. Decentralized validators stake 32 ETH to process transactions and secure the network.
Where to Buy PEPE: PEPE is available on various exchanges, including Uniswap (V2), Uniswap (V3), Binance, KuCoin, Huobi, Gate.io, and MEXC.
PEPE’s unique blend of meme culture, simplicity, and community engagement positions it as an intriguing player in the ever-evolving world of memecoins.