💎 Created in April 2023 on Ethereum, the cryptocurrency #PEPE is deeply anchored in the trend of memecoins, digital assets inspired by internet meme culture.
💎 At the heart of this project is Pepe the Frog, a comic book character created by artist Matt Furie in 2005 in his “Boy's Club” series.
🟢 This frog quickly became a meme on platforms like Myspace and 4chan in 2008, available in multiple versions like “Sad Frog” or “Smug Frog”.
🟢 Regarding PEPE, the creators remain anonymous, a common characteristic in the world of memecoins. This #token ERC-20, without a development plan or roadmap, stands as a purely community project with no claim to becoming a serious cryptocurrency.
🔶 Upon its release, PEPE generated immediate enthusiasm, quickly reaching a #capitalisation stock market of more than $420 million and ranking among the top 100 #cryptomonnaies in a few weeks.
🔶 Thanks to the impact of social networks like Twitter and Telegram and capitalizing on the popularity of the Pepe the Frog meme, the PEPE crypto saw its growth accelerate during 2023. Surprisingly, the total capitalization of PEPE crossed the billion dollars in just 3 weeks after its launch, a feat that took almost 4 years for Dogecoin (DOGE), the most famous memecoin.
🚨 What are the roles and tokenomics of the PEPE token?
💰 PEPE launched with a maximum supply of 420.69 trillion tokens, of which 93.1% were initially available in a liquidity pool, while the remaining 6.9% were held in a multi-signature wallet for uses future.
💰 Indeed the PEPE token differentiates itself from other memecoins thanks to:
🎁- A deflationary mechanism: with each PEPE transaction, a small percentage of tokens is burned, thus gradually reducing the total supply of PEPE in circulation;
🎁- A redistribution system: a part of each transaction is redistributed to PEPE holders. This principle encourages the conservation of the token over the long term to accumulate PEPE passively;
🎁- A no-fee policy: this allows users to exchange and carry out transactions with PEPE without additional fees, thus promoting the fluidity of exchanges.
