PEPE is a defense memecoin based on Ethereum Blockchain. This cryptocurrency was built in the tribute of the Internet Mim Pepe The Frog, designed by Matt Furie. Pepe the Frog Mim has been a part of the trend of internet culture and through this Pepe has established itself as a unique meemkoin. The main objective of PEPE is to make its place in the Crypto Community and to present itself as an important mirmin. In this article, we will understand all the important information about PEPE in detail.
Pepe cryptocurrency starts
Pepe started as a crypto meme, which was mainly made for the purpose of joke and entertainment. It is based on internet culture similar to meme tokens like Dogecoin and Shiba Inu. The success of these cryptocurrency inspired Pepe to create a new Memecoin, which is not only fun, but also to build a community. PEPE was launched on the Etreum Blockchain and its token follows the ERC-20 standard. if you want to know What is Ethereum Blockchain So click on the link.
The purpose of PEPE was to attract crypto investors and meskoin lovers, while it had no specific objectives. It was only introduced as a fun and light cryptocurrency. PEPE has no tax policy and is making its mark only as a mirmine.
Who is the founder of PEPE?
PEPE founders are anonymous, which is a common thing in the Crypto world. The founders of many Crypto projects hide their identity so that they can make the project decentralized and more transparent. There is no official information about the founders of PEPE, but their effective social media propagation and community building gave it a major identity in the Crypto community. Thus, Pepe fulfilled its purpose and created an active community.
Interesting and unique aspect of pepe
The biggest attraction of Pepe is its historical and controversial meme “pepe the frog”. This mim has been a part of the Internet culture for a long time and has been used in many contexts, such as political and cultural issues. Although this mim has been in controversies many times, Pepe has made it the main face of its token. This is the aspect that makes Pepe different from other Memecoin.
PEPE is a defense token, which means that its tokens will decrease over time. To control its supply, a burning mechanism has been implemented in the pepe, causing a shortage of tokens in the market. This system helps maintain the stability of tokens.
PEPE TOKEN supply and distribution
PEPE has a total supply of 420,690,000,000,000 (420 trillions). Despite excessive supply, it is a defense token, as a large amount of it is burn regularly. In addition, 93.1% supply of pepes has been sent to Uniswap liquidity pool, where LP (liquidity provider) tokens have been burnt and the diplier contract has been sent to a tap address. This ensures that the stability of the token remains.
There is also a special burning mechanisms to control the supply of the token of the pepe. Whenever there is a trade of some tokens, some percentage tokens are burnt, causing both tokens and demands. In addition, PEPE has also created a distribution system to encourage long -term stackers, so that they do not sell tokens quickly. This process maintains the stability of pepes.
PEPE security
PEPE Etreum Blockchain has an ERC-20 token, which is protected from Evidence-of-STAKE (POS) Concents Mechanism. In POS model, decentralized validators perform 32 eth stakes and secure the network by processing transactions. This security system of Ethereum makes Pepe a strong and safe network, which allows Crypto investors to make transactions without any concern.
Roadmap of pepe
The roadmap of Pepe is divided into three major stages, which explains the direction of its development.
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Step 1: Treating $ pepe on listing on coinmarketcap and $ pepe on twitter. This phase focused on making PEPE more popular in the Internet community.
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Step 2: Listing on centralized exchanges (CEX). In this phase, PEPE was listed on large exchanges, increasing its trading volume and access.
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step 3: Listing on Tier 1 exchanges and “meme tekeover”. The foundation of Pepe wanted to establish his dominance over the world at this stage.
This roadmap takes the development of pepes in a structured direction and tries to bring its community to new heights.
Future for pepe
Pepe saw a great growth in its early days, where its market cap had reached $ 1.6 billion at one time. This regeneration of the pepe can be seen as the beginning of the Meemkoin season, which also benefited other meskin. Till the time the news is written Pepe Worth The $ 0.00001001 was and its market cap was $ 4.21B. This token has performed brilliantly in the last 1 year, but it is difficult to predict what will be the future of PEPE, as the prices of memitin often fluctuate.
Conclusion
Pepe Coin has made an important place in Crypto Community. Although it has no specific utility, its attraction and identity based on internet meme makes it different from other tokens. Pepe has created a strong community with its growing popularity and has many possibilities for its future.
If you are a mekin investor, Pepe can be an exciting and interesting investment, but it is necessary to do a thorough research before any investment keeping in mind its instability. The increasing popularity of Pepe and its distribution system can make it an attractive and stable investment.
