About Pepe

Pepe (PEPE) is a deflationary meme coin on the Ethereum blockchain, inspired by the Pepe the Frog meme. It aims to capitalize on the meme coin trend, establishing itself as a leading meme-based digital asset.

PEPE stands out with its no-tax policy and transparent lack of utility, embracing its meme coin status. It honors Pepe the Frog's legacy, a character with a complex history, setting it apart from other digital assets.

The coin's value is based solely on market sentiment, not financial fundamentals. Avoid applying traditional financial models to its pricing. Exercise extreme caution when considering investment in this asset.

How does Pepe work?

PEPE coin, like other meme coins, lacks intrinsic value or utility. Built on Ethereum as an ERC-20 token, it's considered highly "memeable" despite its lack of fundamental value. PEPE, an ERC-20 token on Ethereum, uses a redistribution system to reward long-term holders. This strategy aims to promote stability by discouraging quick sales.

PEPE uses a burning mechanism to maintain scarcity by regularly removing coins from circulation. It operates on Ethereum's Proof-of-Stake (PoS) network, where validators stake ETH to process transactions and secure the network.

Despite lacking strong fundamentals, PEPE quickly entered the top 100 cryptocurrencies by market cap within two weeks of launch. As of now, it ranks 25th on CoinMarketCap. Launched on April 15, 2023, at $0.000000001, PEPE now trades at $0.059065.

According to PEPE’s official website:

“PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”