PEPE coin is a new cryptocurrency launched in January 2024, based on the famous internet meme Pepe the Frog.
The Pepe coin is not just a simple coin project, it also has an attractive development guide. To know more, please follow the article below by AZCoin.
What is PEPE coin?
Pepe coin is a cryptocurrency inspired by the well-known internet character Pepe the Frog. It is a meme coin that pays homage to the legacy of Pepe. The coin is built on the Ethereum blockchain and operates as an ERC-20 token, like Dogecoin, Shiba Inu,…
How does Pepecoin work?
Pepecoin uses a redistribution system to reward long-term stakers, incentivizing them to stay loyal to the project. This strategy promotes coin stability by giving users benefits for holding onto the token instead of selling it quickly.
Moreover, PEPE includes a burning mechanism that permanently removes some coins from circulation regularly. This helps sustain scarcity even though the maximum coin supply exists. The Ethereum blockchain backs PEPE with the Proof-of-Stake (PoS) consensus mechanism, where decentralized validators stake 32 ETH to validate transactions and uphold the network.
What is the history of Pepe
Pepe the Frog was first created by artist Matt Furie for his comic book Boys Club. It became very popular as an internet meme, but unfortunately, it was misused for spreading hate speech and discriminatory messages during the 2016 US presidential election.
Despite attempts to restore its positive reputation, Pepe the Frog continues to be a controversial figure. Matt Furie has been actively trying to bring back the character’s original positive meaning through projects like the Save Pepe campaign.
What is the Roadmap of PEPE?
According to the information provided on the PEPEVIP website, the development of the PEPE coin can be categorized into three main phases:
Phase 1 – Meme
This initial phase focuses on launching the PEPE coin and establishing its presence in the market. Goals include getting the coin listed on CoinGecko and CoinMarketCap, reaching more than 1,000 holders, and using memes to generate buzz for PEPE on Twitter.
Phase 2 – Vibe and HODL
The second phase involves building a strong community and expanding the coin’s reach. This includes forming partnerships within the community, launching the Pepe Times digital newsletter, and creating a tokengated Discord group named Pepe Palace for holders. Additionally, the objective is to secure listings on centralized exchanges (CEX) and reach over 10,000 holders.
Phase 3 – Meme Takeover
The final phase aims at achieving mass adoption and growing the PEPE ecosystem. This involves launching Pepe merchandise, establishing Pepe Academy, developing Pepe Tools, and obtaining listings on Tier1 exchanges. The ultimate target is to surpass 100,000 holders and accomplish a complete meme takeover.
How Do You Use PEPE coins?
Pepe’s main uses and applications are based on the benefits it provides in its ecosystem. This may involve buying digital items, taking part in community decision-making, or getting special content access.
How Many PEPE coins Are There?
According to the information on their website, PEPE coins tokenomics include a total supply of 420,690,000,000,000 tokens. Out of this total supply, 93.1% tokens have been put into the liquidity pool and the LP tokens have been burned. Additionally, the contract has been renounced to guarantee transparency and security.
The remaining 69% of the supply is kept in a multisignature wallet for future centralized exchange listings, bridges, and liquidity pools. This wallet can be easily monitored using the ENS name pepecexwalleteth.
How about potential use cases of Pepe coin?
PEPE, being a meme coin, is mainly used as a digital asset for acquiring, holding, and trading. It aims to attract the cryptocurrency community by staying straightforward and uncomplicated in its approach as a meme coin. The project’s no tax policy and openness about its lack of practical use are part of its charm.
Moreover, PEPE utilizes a redistribution system that gives incentives to long-term holders, encouraging them to stay loyal to the project. This system is designed to promote coin stability and may draw in users looking to hold onto the token for extended periods.
How to purchase Pepe Coin?
To purchase Pepe Coin, investors need to first set up a digital wallet that works with Ethereum. They can then connect this wallet to platforms such as Uniswap to swap other cryptocurrencies for Pepe Coin.
The steps include creating a digital wallet, obtaining Ethereum or similar cryptocurrencies, and utilizing decentralized exchanges like Uniswap or other the best crypto exchanges to buy Pepe Coin.
Conclusion
So, we have just introduced the basic description of Pepe coin. Hope this article will help your investment!
If you have any questions or need information support about cryptocurrency, please contact the AZCoin or leave a comment below. We will support you as quickly as possible that we can.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
