What is Pepe (PEPE)?
Based on the ERC-20 token standard, PEPE is a deflationary memecoin that was launched in mid-April 2023 on the Ethereum blockchain. The Pepe token draws its inspiration from Matt Furie's well-known Pepe the Frog meme.
The main goal of the PEPE crypto project is to surpass memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), and establish itself as one of the best memecoins available. Though, do keep in mind that PEPE is not the first memecoin inspired by the Pepe the Frog meme. However, it is one that boomed the crypto world right after it was launched.
If you’re curious about the current PEPE price, check out the Pepe price chart above.
Use Cases of PEPE Tokens
Many memecoins have no actual use case. However, the PEPE coin has a unique redistribution system that will reward long-term PEPE stakers.
Despite that, the Pepe crypto project website claims that it was created purely for entertainment purposes, not for financial return.
It’s also worth noting that PEPE tokens have no taxes, which means that they don’t impose any transaction fees.
Who Founded Pepe?
There is no information available about the founders of PEPE coins, as they chose to remain anonymous. Despite that, they actively promote PEPE on various social media platforms. Besides, the creators of this project claim that there is no “formal” team or roadmap.
Tokenomics of PEPE
There is a total and max supply of 420,690,000,000,000 PEPE crypto assets. It’s important to note that PEPE was launched without a pre-sale. Besides, it employs a burning mechanism.
As for the token distribution, 93.1% were sent to a liquidity pool where LP tokens were burned in order to renounce the contract. The remaining supply is held in a multi-signature wallet for future uses (token listings, and so on). You can find this wallet by the ENS name “pepecexwallet.eth.”
If you plan to invest in the PEPE token, make sure to check out the Pepe price chart above. It features both – the previous and the current PEPE price.