$PEP is a hard fork of Dogecoin. The $PEP token on the chain is the only Pepe public chain. It is built entirely open-source and decentralized by a group of developers, embodying the early Bitcoin geek spirit, and has been quietly developing.
The founder explained their intention to create the Pepe public chain on Bittalk [a very early Bitcoin forum website]:
Pepe is a meme with a global community culture, and its community size rivals that of Dogecoin. However, all Pepe tokens on the market are various ERC-20 tokens, which have issuers, insider trading, blacklists, rug pulls, and zero-cost issuance... ERC-20 tokens give too much power to the creators, which is extremely unfriendly to investors. Moreover, anyone can create them, leading to very dispersed culture and consensus. The creators want to establish a unified Pepe culture, absorb all existing Pepe communities, and create a super user community with 1 million real holders. If achieved, the market cap of $PEP will rival or even surpass that of Dogecoin.
The meme culture of Pepe needs a public chain for unification! That is $PEP.