PEPE is an Ethereum-based token designed to capitalize on the popularity of meme-inspired cryptocurrencies. Unlike traditional cryptocurrencies, PEPE derives its value from its ability to foster community engagement and humor, rather than technological innovation or utility.
Key Features of PEPE
- Blockchain: Operates as an ERC-20 token on the Ethereum network.
- Inspiration: Named after Pepe the Frog, an iconic internet meme originating from Matt Furie’s Boy’s Club comic.
- Market Position: Aims to compete with dominant meme-coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
- Supply: Capped at 420 trillion tokens, with a deflationary mechanism that burns a percentage of tokens per transaction.
- Secondary Project: PEPE Unchained (PEPU), a Layer-2 Ethereum solution offering lower fees and staking rewards.
Core Keywords
- Memecoin
- Ethereum ERC-20
- Pepe the Frog
- Rare Pepes NFT
- Deflationary token
- PEPE Unchained
- Cryptocurrency speculation
The Origins of PEPE: From Meme to Crypto
Who Created PEPE?
PEPE’s roots trace back to 2005, predating Bitcoin, with Matt Furie’s Boy’s Club comic. The meme gained traction in Bitcoin circles through Rare Pepes—early NFTs traded as collectible cards on Bitcoin’s blockchain.
The PEPE token launched in 2023 by Zachary Testa, leveraging the meme’s cultural capital. Despite criticism for excluding Furie financially, the project markets itself as a revival of meme culture ("Make Memes Great Again").
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How PEPE Works
Token Economics
- Supply: Fixed at 420 trillion PEPE.
- Deflationary Model: 0.1% of tokens burned per transaction.
- Trading: Available on major exchanges like Binance, Coinbase, and Uniswap.
PEPE Unchained (PEPU)
A Layer-2 variant offering:
- Lower transaction fees.
- Enhanced staking rewards.
- Faster Ethereum scalability.
Risks of Investing in PEPE
- Volatility: Extreme price swings common in meme-coins.
- Regulatory Uncertainty: Lack of investor protections.
- Security Risks: Exchange hacks and scams.
- Market Trends: Meme-coins may lose relevance.
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Where to Buy PEPE
Available on:
- Centralized Exchanges: Binance, Coinbase, Kraken.
- DEXs: Uniswap, Bybit.
FAQ
1. Is PEPE a good investment?
High-risk, high-reward. Suitable only for speculative traders comfortable with volatility.
2. How does PEPE differ from Dogecoin?
PEPE focuses on Ethereum’s ecosystem and deflationary mechanics, while DOGE runs on its own blockchain.
3. What’s the purpose of PEPE Unchained?
To reduce Ethereum’s gas fees and offer scalable trading.
4. Can PEPE reach $1?
Highly unlikely due to its massive supply (420 trillion).
5. Who owns the PEPE trademark?
Matt Furie owns the Pepe the Frog IP but isn’t affiliated with the token.
Disclaimer: This content is for informational purposes only and not financial advice.