The background of the issuance of PEPE coin is so simple
Prototype background: The prototype of PEPE coin is Pepe The Frog, a web comic image from 2005. This image quickly became popular due to its magical appearance and countless funny stickers, and became a part of Internet culture.
Cultural significance: Pepe The Frog, as a symbol of Internet culture and popular culture, has important cultural significance. It reflects the aesthetic and cultural interests of contemporary young people, and also reflects the development and changes of Internet culture and popular culture.
Purpose of issuance: The issuance of PEPE coin is to pay tribute to the PEPE the Frog network meme created by Matt Furie, while trying to surpass other "puppy series" meme coins such as Shiba Inu and Dogecoin to become one of the top meme-based cryptocurrencies.
Economic model: There are no complex operations such as pre-sale, destruction, and taxation in the token economics of PEPE coin. Its goal is to be a purely meme-driven cryptocurrency, that is, "the people's token."
Market Positioning: PEPE coin attracts the attention of the cryptocurrency community by developing a tax-free policy, a redistribution system that rewards long-term stakeholders, and a deflation mechanism that maintains the scarcity of PEPE tokens.
Founder and Team: PEPE coin is issued by a group of unknown developers. Its founder Zachary Testa is an American landscape photographer who has no direct connection with Matt Furie, the original author of PEPE the Frog.
In summary, PEPE coin is a cryptocurrency issued by a group of developers against the backdrop of the widespread popularity of the online cartoon image of Pepe the Frog and its becoming an Internet cultural symbol. It aims to pay tribute to PEPE the Frog and try to become one of the top meme-based cryptocurrencies.
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