How does Pepecoin work?
Pepe Coin operates on several unique principles:
Deflationary Mechanism: This mechanism burns a small percentage of tokens with each transaction, aiming to create scarcity and potentially drive up the value of the remaining tokens over time. The burning of tokens ensures a diminishing supply, which can increase the token's value.
Redistribution System: Initially, a portion of every transaction was redistributed to existing token holders, fostering engagement and incentivizing long-term investment. However, there have been discussions about discontinuing this feature. The redistribution system incentivizes holding Pepe Coin, as holders receive rewards based on their existing token holdings.
No-Tax Policy: Pepe Coin transactions do not incur additional fees, ensuring users can trade and transact without any extra costs, which distinguishes it from other cryptocurrencies that may impose taxes on transactions. This policy promotes ease of use and accessibility for users engaging in Pepe Coin transactions.How does Pepecoin work?
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