The destruction mechanism of PEPE coins is simply a trick to make this cryptocurrency more and more valuable.
Every time PEPE coins are traded, a part of the transaction fee will be burned, just like burning money, and these burned PEPE coins will disappear directly from the market. In this way, the total number of PEPE will become less and less, becoming more and more scarce, and the price will naturally rise.
This destruction mechanism is not random, it has a set of rules, and each transaction will burn coins according to the rules. When there are many transactions, the burning is fast, just like a big fire; when there are few transactions, the burning is slow, like a thin stream of water. And this destruction process is open and transparent, and everyone can see it, so everyone can invest in PEPE with more confidence.
When it comes to the impact on the market, PEPE destruction is like playing a supply and demand game. If the supply is small, the price may go up, but it also depends on whether investors buy it and the overall market environment. But at least in theory, the destruction mechanism can add points to PEPE.
And as PEPE burns less and less, its function as a piggy bank is getting stronger and stronger. After all, the less money there is, the more precious it is. However, the long-term effect will depend on time and the market, so you have to keep your eyes open.
Let's talk about other advantages of PEPE. First of all, the total number of its issuance is limited, which is like a limited edition product. The scarcer it is, the more valuable it is. Secondly, PEPE has a large group of loyal fans and community support, which is very important in the currency circle. With the support of the community, PEPE can develop better and gain a foothold in the market. The destruction mechanism of PEPE is a way to make it more scarce and more valuable.