Pepe (PEPE) is a meme-inspired cryptocurrency developed as a parody of popular digital assets. Created as an ERC-20 token on the Ethereum blockchain, PEPE represents a fresh entry into the meme coin space, a niche often dominated by dog-themed tokens like Dogecoin, Shiba Inu, and Floki. The project positions itself at the intersection of blockchain technology and internet culture, aiming to bring a fun, engaging way for users to participate in the cryptocurrency ecosystem.

In May 2023, PEPE’s market cap surpassed $1 billion, earning it a spot among the top 100 cryptocurrencies by market cap. Launched in stealth mode by anonymous creators, PEPE had no presale and implements a zero-tax policy on transactions.

How Does the Pepe Meme Token Work?

As a community-driven project, PEPE aims to capture the attention of the cryptocurrency community by offering unique features that set it apart from other meme coins. The project’s design includes several mechanisms to promote long-term engagement:

1. No-Tax Policy: PEPE’s zero-tax policy eliminates transaction fees, enabling a wider audience to access the token without additional costs, potentially expanding its user base.

2. Redistribution System: A redistribution model rewards long-term holders, incentivizing users to "HODL" the token. This approach provides higher returns to those who retain their holdings, reinforcing a commitment to PEPE’s longevity and success.

3. Token-Burning Mechanism: To sustain scarcity and support value, PEPE incorporates a deflationary token-burning process, gradually reducing the circulating supply to increase the token’s market appeal.

Through these mechanisms, PEPE aims to build an active, long-term community while positioning itself as a memorable memecoin that could challenge the popularity of dog-themed counterparts.

When Was Pepe Coin Launched?

Pepe Coin was officially launched on April 17, 2023. The token experienced a notable price surge in the weeks following its debut, possibly driven by market optimism surrounding a potential listing on Binance’s "Innovation Zone."

The creators of PEPE remain anonymous, and the project has no official team backing, according to its website. Inspired by the "Pepe the Frog" meme, PEPE clarifies it has no formal affiliation with the meme’s original creator, Matt Furie.

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