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Summary of PEPE
Key Points
- PEPE is a deflationary memecoin launched on Ethereum, created as a tribute to Pepe the Frog internet meme.
- Aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin.
- No-tax policy and lack of utility make it a pure memecoin.
- Market cap reached $1.6 billion in late April to May 2023.
- Roadmap features three phases, including listing on CoinMarketCap and centralized exchanges.
- Founders remain anonymous, but have successfully promoted the project on social media.
- Unique offering due to its connection to Pepe the Frog
About Pepe: Unveiling the Enigmatic Figure
Introducing PEPE: A Revolutionary Cryptocurrency
Introducing PEPE, a deflationary memecoin born on the Ethereum blockchain, paying homage to the iconic Pepe the Frog internet meme, originally conceived by Matt Furie, which rose to prominence in the early 2000s.
The project seeks to leverage the immense popularity of meme coins, such as Shiba Inu and Dogecoin, with the ambitious goal of emerging as a leading meme-based cryptocurrency. By adopting a no-tax policy and transparently acknowledging its lack of utility, PEPE resonates with the cryptocurrency community, embracing a refreshingly straightforward approach as a memecoin.
In late April to May 2023, the meteoric rise of PEPE propelled its market capitalization to a staggering $1.6 billion, catapulting early adopters to millionaire status and fostering a devoted community of like-minded enthusiasts. This phenomenon has sparked what some have dubbed a “memecoin season,” triggering a flurry of spectacular price surges and equally astonishing corrections among other memecoins, some of which were launched within mere hours. As the market awaits the impending BTC halving cycle, many enthusiasts are pinning their hopes on a forthcoming bull run, wondering if PEPE and its peers will scale new heights.
The PEPE roadmap is comprised of three distinct phases. The inaugural phase encompasses listing on CoinMarketCap and propelling $PEPE to trend on Twitter. The subsequent phase involves securing listings on centralized exchanges (CEXs), while the final phase is marked by “tier 1” exchange listings and what the team aptly describes as a “meme takeover.”
The Visionaries Behind Pepe: Unveiling the Founding Masters
Currently, the founders of PEPE remain shrouded in anonymity, a phenomenon not unusual in the cryptocurrency realm. Despite the scarcity of information about the project’s team, they have adeptly leveraged social media platforms, such as Twitter, to effectively promote their meme coin and cultivate a thriving community around the memecoin.
Unveiling the Unparalleled Characteristics of PEPE
PEPE offers a distinctive value proposition within the meme coin market, leveraging the rich legacy of Pepe the Frog, a character shrouded in controversy and steeped in history. By paying homage to this iconic figure, the project sets itself apart from other cryptocurrencies, thereby bolstering its appeal within the crypto community.
The Circulating Supply of PEPE Coins: A Closer Look
PEPE incorporates a redistribution system that incentivizes long-term stakers, providing them with compelling reasons to maintain their commitment to the project. This approach fosters coin stability by rewarding users for holding the token over an extended period, rather than selling it hastily. Furthermore, PEPE features a burning mechanism, whereby a portion of the coins are permanently removed from circulation at regular intervals. This mechanism is designed to preserve scarcity, despite the coin’s substantial maximum supply of 420,690,000,000,000.
Notably, a substantial 93.1% of the maximum supply was allocated to the Uniswap liquidity pool, where LP tokens were subsequently burned, and the deployer contract was transferred to a null address. The remaining 6.9% is securely stored in a multi-sig wallet, reserved for future listings on centralized exchanges, bridges, and liquidity pools. Meanwhile, users can conveniently monitor the PEPE/WETH pair on CMC DexScan.
PEPE’s Robust Security Framework: A Comprehensive Overview
PEPE is an ERC-20 token built on the Ethereum blockchain, which leverages the
security of the Proof-of-Stake (PoS) consensus algorithm. To facilitate transaction
processing and network security, decentralized validators are required to stake
32 ETH.
Where to Acquire PEPE: A Comprehensive Guide
PEPE is listed on a multitude of prominent cryptocurrency exchanges, including Uniswap (V2), Uniswap (V3), Binance, KuCoin, Huobi, Gate.io, MEXC, and many more.
Stay ahead of the curve with real-time PEPE price tracking. Download the CMC mobile app for instant access to live price updates.
Associated Resources:
Discover Dogecoin, the trailblazing, canine-inspired cryptocurrency that has captured the hearts of many with its playful, meme-driven charm.
Delve into the world of Shiba Inu, a highly sought-after memecoin that has captured the hearts of many.
Delve into the world of Uniswap, the pioneering decentralized exchange where PEPE is actively traded.
Reacquaint yourself with the concept of memecoins through the comprehensive CMC Glossary.
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