- *Memecoin*: PEPE is a cryptocurrency inspired by the internet sensation Pepe the Frog.
*Key Features*
- *No inherent utility*: PEPE relies on its cultural and viral appeal to attract investors and users.
- *Launched in 2023*: PEPE was launched in mid-April 2023 with an attractively low price and an abundant supply of 420 trillion.
- *ERC-20 token*: PEPE operates under the security of the proof-of-stake (PoS) consensus mechanism.
- *No-tax policy*: PEPE eliminates transaction fees on buying or selling the token, ensuring a cost-effective experience for traders.
- *Burning mechanism*: A small percentage of tokens burn with each transaction, incrementally reducing the total supply.
*Supply and Circulation*
- *Circulating supply*: 417,481.33 billion PEPE tokens
- *Liquidity pool allocation*: 93.1% of tokens are allocated to the liquidity pool, with LP tokens permanently removed from circulation and the contract renounced.