Get to Know Pepe (PEPE): Purpose, Founders, and Distribution Mechanisms!

Bittime - Baby (BABY) is a meme coin inspired by popular internet memes, Pepe the Frog. 

Come on, get to know Pepe (PEPE), starting from its goals, founders, to the mechanism for distributing this meme coin. Read this article to find out more! 

Get to Know Pepe (PEPE): PEPE Purpose

Pepe (PEPE) is a deflationary meme coin launched on the Ethereum network. This meme coin was inspired by an iconic meme Pepe the Frog, by artist Matt Furie, which was popular in the early 2000s.

To start getting to know Pepe (PEPE), let's look at the purpose of this meme coin. The main goal of this project is to capitalize on the popularity of meme coins such as Shiba Inu and Dogecoin. 

Uniquely, PEPE adopts a no-tax policy (no-tax policy) and openly admits that this project has no particular utility. 

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

Get to Know Pepe (PEPE): PEPE Popularity Surge 

To start getting to know Pepe (PEPE), let's look at the surge in popularity of this meme coin. From the end of April to May 2023, PEPE experienced a price surge, which made its market capitalization reach a fantastic figure of $1.6 billion. 

This phenomenon triggers a meme coin season, when various other meme coins are launched in a short time and experience a spike in price, although many end up experiencing a drastic decline.

Read Also: Pepe Coin: Its Advantages and Disadvantages  

Get to Know Pepe (PEPE): PEPE Founder

Next, to start getting to know Pepe (PEPE), let's find out the founder of this meme coin. PEPE founder remains anonymous to date. This anonymity is actually quite common in the crypto world.

Although information about the team behind PEPE is very limited, they have managed to attract huge attention through social media, especially X (Twitter). This strategy helps build a solid community for this meme coin.

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

Get to Know Pepe (PEPE): PEPE Distribution Mechanism

To start getting to know Pepe (PEPE), you also have to know the distribution mechanism of this meme coin. PEPE has a maximum supply of 420.690 trillion PEPE, 93.1% allocated to the liquidity pool on Uniswap.

The remaining 6.9% is stored in a multi-sig wallet for future needs such as listing on centralized exchanges (CEX), cross-network bridges, and other liquidity pools.

PEPE also implements a regular token burn mechanism, which aims to reduce the number of tokens in circulation and maintain their scarcity.

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

Getting to know Pepe (PEPE): PEPE Security

Last, to start getting to know Pepe (PEPE), you also have to know PEPE's security. As an ERC-20 token, PEPE operates on the Ethereum network which adopts a consensus mechanism Proof-of-Stake (PoS).

Decentralized validators are tasked with processing transactions and maintaining network security by staking 32 ETH.

With this infrastructure, PEPE leverages the robust security of the Ethereum network to ensure reliability and integrity.

Those are the things you need to know to get to know Pepe (PEPE) better. For those of you interested in meme coins, PEPE could be an interesting choice.

Read Also: Meme Coin PEPE is Built on What Network? Check Here to Find Out!  

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

Coinmarketcap, Coinmarketcap PEPE Currency, accessed December 28, 2024.

Author: IPR