$PEPE

LP Tokens Burned:

Liquidity Provider (LP) Tokens: When you provide liquidity to a decentralized exchange (DEX) like Uniswap or PancakeSwap, you receive LP tokens in return. These tokens represent your share of the liquidity pool.

Burning LP Tokens: This means the project team has permanently destroyed these tokens. This action is seen as a positive sign because it shows that the team is committed to the project's long-term success and isn't planning to rug pull (suddenly withdraw liquidity and abandon the project).

Contract Ownership Renounced:

Smart Contract: A self-executing contract with the terms of the agreement directly written into code.

Renouncing Ownership: This means the project team has given up control over the smart contract. They can no longer make changes to the code or withdraw funds from it. This is another security measure to prevent rug pulls and ensure the project's transparency.

Why are these important?

Both actions, burning LP tokens and renouncing contract ownership, demonstrate the project's commitment to transparency, security, and long-term sustainability. By taking these steps, the project team shows that they are not looking for a quick profit but are genuinely interested in building a sustainable and trustworthy project.

https://www.pepe.vip/