PEPE Burn 50% Tokens: Here's What You Should Know

Bittime - PEPE burns 50% of token supply as an important strategy in their tokenomics. Learn more about the mechanics of token burn and its impact on the market.

PEPE, one of the most popular meme coins, has made a big move in the crypto world by burning 50% of its total supply. This token burn was done to create scarcity, increase token value, and strengthen PEPE's economic model.

However, while this move may seem drastic, there are some important things to understand about this process and its impact on the supply and value of the token.

What is PEPE Burn and Token Burn?

Token burn is the process of reducing the number of available tokens by sending them to an inaccessible wallet address. Burned tokens are removed from circulation forever, creating scarcity and potentially increasing the value of the remaining tokens.

In the case of PEPE, the initial burn took place in April 2023, where 210 trillion tokens, or 50% of the total initial supply of 420 trillion, were burned. However, the maximum supply of PEPE remains unchanged, at 420 trillion tokens.

Read also: PEPE Token Breakout! Here's the Price Prediction

Why Does the Circulating Supply Remain 420 Trillion?

Although PEPE burn reduced the technically available supply, the circulating supply remains at 420 trillion tokens. This is happening for the following reasons:

Reintroduced Tokens:

Some of the burned tokens may be reintroduced to the market through mechanisms such as staking rewards or airdrops.

New Token Minting:

PEPE, like many other meme coins, uses additional token minting to support community activities or rewards programs.

Non-permanent Burning:

Some burn mechanisms are dynamic, allowing tokens to be burned and reissued depending on the needs of the network.

Impact of PEPE Burn on Tokenomics

Token burn is an important part of PEPE's tokenomics strategy. By burning most of the tokens, the project seeks to create scarcity that can drive demand and increase the value of the tokens.

However, it is important to note that the maximum supply is not affected by this burn. The maximum supply remains at 420 trillion tokens, unless the developers make changes to the token's smart contract.

Continuous Burning by the Community

In addition to the initial burn, the PEPE community is actively organizing token burning events to further reduce supply. This move not only helps create scarcity but also shows the community's strong support for the project.

Conclusion

The PEPE burn of 50% of the total initial supply was a strategic move to increase scarcity and strengthen the token's economic model. Even so, the circulating supply remains at 420 trillion tokens due to various mechanisms such as token reprinting and reward distribution.

For the latest information on PEPE burn or supply changes, be sure to follow official channels or check the blockchain data directly. Token burn is an effective tool in crypto strategy, but understanding its mechanisms is key to optimizing investment opportunities.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.