About Pepe

Pepe (PEPE) is a deflationary meme coin on the Ethereum blockchain, inspired by the Pepe the Frog meme. It aims to capitalize on the meme coin trend, establishing itself as a leading meme-based digital asset.

PEPE stands out with its no-tax policy and transparent lack of utility, embracing its meme coin status. It honors Pepe the Frog's legacy, a character with a complex history, setting it apart from other digital assets.

The coin's value is based solely on market sentiment, not financial fundamentals. Avoid applying traditional financial models to its pricing. Exercise extreme caution when considering investment in this asset.

How does Pepe work?

PEPE coin, like other meme coins, lacks intrinsic value or utility. Built on Ethereum as an ERC-20 token, it's considered highly "memeable" despite its lack of fundamental value. PEPE, an ERC-20 token on Ethereum, uses a redistribution system to reward long-term holders. This strategy aims to promote stability by discouraging quick sales.

PEPE uses a burning mechanism to maintain scarcity by regularly removing coins from circulation. It operates on Ethereum's Proof-of-Stake (PoS) network, where validators stake ETH to process transactions and secure the network.

According to PEPE’s official website:

“PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”

What are the use-cases?

PEPE serves as a digital asset for acquisition, holding, and exchange, embodying the simplicity of meme coins. Its no-tax policy and transparent lack of utility are key appeals. PEPE's redistribution system rewards long-term stakers, promoting stability and attracting holders interested in extended token commitment.

What’s the history?

PEPE, launched in mid-April 2023, is a digital asset inspired by the Pepe the Frog meme. It quickly gained popularity, reaching a high market cap and attracting a large community. The founders remain anonymous, which is common in the digital asset world.

Unlike traditional launches, PEPE didn't use ICOs, presales, or airdrops. Instead, it relied on the meme's popularity to attract investors. It's important to note that PEPE has no connection to Matt Furie, the original Pepe the Frog creator.

Despite limited information about its creators, PEPE gained significant attention on social media. Within days of launch, it amassed over 675K Twitter followers, quickly building a community around the meme coin.

Where can I get it?

Pepe is available to buy from most centralized exchanges and if you use Savl Wallet, you can store and swap this asset on the Ethereum, Binance and Arbitrum blockchains.

Conclusion

PEPE coin is a speculative digital asset inspired by the Pepe the Frog meme. Built on Ethereum, it lacks intrinsic value but has quickly gained popularity. With a no-tax policy and deflationary mechanisms, PEPE appeals to meme coin enthusiasts despite its anonymous origins. However, investors should be cautious as its value is driven solely by market sentiment and entertainment.

DISCLAIMER: Cryptocurrencies are high-risk investments, and you might lose all funds. This blog post is informational and not financial advice. Savl does not offer investment recommendations. Your capital is always at risk when investing in cryptocurrencies.