What Network is PEPE Meme Coin? Check Here to Find Out!

Bittime - Pepe (PEPE) is one of the most popular meme coins. However, many people don't know what network Pepe was actually built on, right? 

Come on, read this article to find out more about what network the PEPE meme coin is built on!

Pepe (PEPE) Meme Coin

Pepe (PEPE) is a meme coin that operates on the network Ethereum. This coin was inspired by Pepe the Frog, a popular meme since the early 2000s.

PEPE's uniqueness lies in its wisdomn no-tax aka no transaction tax and the concept of limited usefulness. 

By focusing solely on being a meme coin, PEPE offers simplicity and is a special attraction for fans of meme-based digital assets.

Read Also: Who is the creator of Pepe (PEPE) and what is the reason?

What Network is PEPE Meme Coin? 

For those who don't know, meme coin PEPE is built on mesh Ethereum as an ERC-20 token. 

The Ethereum network supports PEPE through a consensus mechanism Proof-of-Stake (PoS), where validators must deposit 32 ETH to process transactions and maintain network security.

As one of the largest and most reliable blockchains, Ethereum provides a strong infrastructure for PEPE to develop. 

By using Ethereum, PEPE benefits from speed, security, and a broad ecosystem, including compatibility with various wallets and trading platforms.

Read Also: Pepe (PEPE) vs Book of Meme (BOME): Comparison of the Most Unique Meme Coins  

How PEPE Meme Coin Works

PEPE has a quite interesting working mechanism. One of the main features is token redistribution to long-term holders. 

This system provides incentives to users who hold their tokens thereby encouraging price stability and reducing selling pressure in the market.

Apart from that, PEPE also implements a burn token mechanism, namely some tokens are permanently removed from circulation. The goal of this burn is to create scarcity, which can support the value of the token in the long term.

Now you know, what network is the PEPE meme coin built on? Well, bFor those of you who are interested in meme coins, PEPE could be an interesting investment choice.

Read Also: How many Rupiah is 1 PEPE? PEPE Price Today 28 December 2024!  

Pepe (PEPE) FAQs

What is Pepe (PEPE)?

Pepe (PEPE) is a meme coin inspired by the character Pepe the Frog, a popular internet meme, so it immediately attracted the attention of investors thanks to its viral trend.

Does Pepe (PEPE) Have Real Utility?

As a meme coin, Pepe (PEPE) does not have significant technical utility like smart contracts. The value of these tokens is largely driven by community, trends, and market speculation.

Why is Pepe (PEPE) Popular?

Pepe (PEPE)'s popularity stems from its status as a meme coin, which has caught the attention of the crypto community and social media users. Viral trends and community support are the main factors driving the value of this token.

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Reference

Coinbase, Coinbase Currency Pepe, accessed December 30, 2024.

Author: IPR