These include forming community partnerships, gaining listings on centralized exchanges, initiating a newsletter, and establishing a private Discord server exclusively for token holders. The project’s website provides a comprehensive overview of PEPE’s tokenomics, offering insights into its supply and distribution. Notably, PEPE has a circulating supply of 417,481.33 billion and a max supply of 420,690 billion. PEPE launched in mid-April with an attractively low price and an abundant supply of 420 trillion, referencing cannabis culture’s 4/20, added to the allure.

Unlike many other meme coins, which offer an even more basic setup than Pepe, the token has a roadmap. Most of the goals in Phase-1 — including 1,000 holders, setting up a donation wallet, and creating a website — have been reached. By now, the project is well into Phase-2 and launched a marketing campaign, getting listed on VoltiChange. The PEPE coin is an Ethereum-based deflationary memecoin that draws inspiration from the Pepe the Frog Internet meme. But PEPE itself may succumb to the fate of many flash-in-the-pan memecoins that have preceded it—including Grimacecoin, Pump Coin, and many others—only to fade from public view in a short time.

Through these strategic tokenomics, Pepe Coin aims to build a robust ecosystem that rewards its community, encourages holding, and supports its growth trajectory in the dynamic meme coin market. Pepe Coin, symbolized as PEPE, emerges as a new contender in the meme coin arena, drawing inspiration from the widely recognized Pepe the Frog meme. It sets its sights on revitalizing the meme coin market and challenging the dominance of dog and Inu-themed cryptocurrencies.

In part, this is due to the sector’s reputation for being very high-risk but potentially high-reward. It’s true, some have successfully profited from the sharp price movements of meme coins. But equally, many traders have also lost out because of the wild price swings. The most popular meme coins are, without a doubt, Shiba Inu and Dogecoin. Their price history is mostly positive, and their token prices have managed to remain relatively stable despite the many challenges they had to face.

PEPE is an ERC-20 token with a deflationary model introduced on the Ethereum blockchain. It operates under the security of the proof-of-stake (PoS) consensus mechanism, with decentralized validators staking 32 ETH to facilitate transactions and maintain the network’s integrity. Discover how to easily obtain Scroll what is digital accessibility testnet assets for your development needs, with step-by-step guidance on using trusted faucets. Learn how Fantom Sonic is setting a new standard in blockchain with instant transaction finality and efficiency, plus community rewards. This website is using a security service to protect itself from online attacks.

  1. As a result, Ethereum’s network of proof-of-stake validators process PEPE Coin transactions.
  2. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
  3. The remaining tokens are reportedly held by the creator(s) of the Pepe crypto project, in a multi-signature crypto wallet.
  4. The first phase has already been accomplished, with the coin stealth-dropped, creating a buzz on social media platforms, and listing on significant exchanges.
  5. Just like the name suggests, a memecoin is a cryptocurrency that originated from a meme.

As an ERC-20 token, PEPE enjoys all the benefits of being on the Ethereum network, like its robust security offered by the proof-of-stake (PoS) consensus mechanism. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. You may obtain access to such products and services on the Crypto.com App. To start buying PEPE today, download the Crypto.com App for free in the Apple App Store or Google Play Store. From there, you will be guided to the sign-up process, which takes only a few minutes to complete.

The appeal of meme coins lies in their light-hearted and fun nature, catering to a wide audience, especially younger retail traders. Additionally, the low cost of entry and potential for substantial gains make meme kraken gains first mtf license from fca for crypto futures venue coins attractive to many, despite their high volatility and speculative nature. The success of meme coins like WIF and Pepe can be attributed to the viral and engaging nature of meme-based cryptocurrencies.

Other than the challenges that all cryptocurrencies face, Pepe coin will also have to directly compete with other memecoins, such as the well-established Shiba Inu or newcomers like the Thug Life token. At the end of the day, a lot will depend on the project’s team and how they approach their newfound popularity –– for memecoins, the key thing is to build a strong and supportive community and brand image. PEPE coins can be purchased on various cryptocurrency exchanges, offering an easy avenue for potential investors to become a part of the PEPE community. You can also buy Pepe Coin on Changelly — we aggregate the best offers from several major fiat providers with fair rates and low transaction fees and make the buying process incredibly smooth. Experts speculate that the upcoming Bitcoin halving in April 2024 will lift the crypto market as a whole — a phenomenon seen after past halving events. However, meme coins are highly volatile and speculative, and other factors in the macroeconomic environment and crypto space could influence PEPE’s price either way.

This came just as the crypto market appeared to be turning bullish again. Volt Inu and VoltiChange are affiliated with Pepe via VoltiChange’s widget integration directly onto Pepe Coin’s website. Volt Inu claims to be the first deflationary decentralised exchange (DEX), offering VoltiChange, which automatically lists and makes any Uniswap or PancakeSwap project deflationary — for free. While the official Pepe Coin website says that the token has no intrinsic value or expectation of financial return, the number of holders continues to be impressive.

Extremely high volatility

The team states on the official website that Pepe Coin is a 100% decentralised and 0% tax meme token, and 100% of its liquidity is burned. However, it’s important to note that the investor who bought those 5.9 trillion tokens may have a difficult time selling them at the current price, given PEPE’s relatively job application for web developer at airtable software development low liquidity pool. In April 2023, PEPE emerged as a popular meme cryptocurrency, attracting a strong community following and active trading. However, its fortunes took a downturn due to problems involving a substantial token transfer, resulting in a token burn and the introduction of new advisors.

Volt Inu and VoltiChange

Memecoins typically use easily recognizable symbols, figures, and images, like Doge –– or Pepe the frog. The better the chosen symbol, the higher the project’s chances of success. Its origins are rooted in meme culture, and PEPE’s roadmap mainly embodies community-driven initiatives rather than blockchain technology goals.

Pepe coin’s price has already experienced significant changes in price over its short lifespan. It’s entirely possible volatility could continue to increase as new features emerge and more traders join the market. The remaining tokens are reportedly held by the creator(s) of the Pepe crypto project, in a multi-signature crypto wallet. According to the website, these tokens are set aside for future development and listing purposes.

Who Are the Founders of Pepe?

Hence, they rely on their cultural and viral appeal to attract investors and users. The creators of Pepe also added they’ve renounced their ownership of the contract. This decision means they purportedly no longer have any control over the cryptocurrency, including the ability to modify its code. This feature has become increasingly popular among crypto creators as a means of mitigating fears of rug pulls and other fraudulent activity. However, traders should not rely upon this exclusively and this does not mean that there aren’t any risks when dealing with these types of projects. Just like the name suggests, a memecoin is a cryptocurrency that originated from a meme.

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In the past, anonymous creators of virally popular crypto projects have stolen their users funds via rug pulls. Piggybacking off the success of the popular Netflix show, Squid Game, the token, which wasn’t connected to the show, rose 35,000% in three days. Before people were aware of its shady backing, the anonymous team made off with over $2 million dollars. As a result, SQUID tokens quickly plummeted to zero on decentralized exchanges. “The remaining 6.9% of the supply is being held…only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools. This wallet is easily trackable with the ENS name pepecexwallet.eth,” wrote the creator(s).

Additionally, PEPE implements a redistributive system wherein a fraction of each transaction is distributed to current token holders. Moreover, this system not only encourages user engagement but also fosters sustained investments, with rewards geared towards long-term stakers. The enthusiastic community backing has prompted lively debates about bull markets, price surges, and trading volumes. Discover how ZachXBT’s on-chain analysis safeguards the crypto community by exposing scams and fostering transparency and safety.