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Pepe (PEPE) is a meme coin developed as a tribute to "Pepe the Frog" internet meme. The project leverages the popularity of meme coins and has positioned itself as notable meme-based asset. PEPEÂ is an ERC-20 token that runs on Ethereum network, a Proof-of-Stake (PoS) blockchain.
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PEPEÂ is a deflationary token whereby it burns a small percentage of tokens with each transaction that drives up scarcity. Additionally every PEPEÂ that is burnt during transaction is redistributed - in part - to token holders to foster engagement. The total supply of PEPEÂ tokens is 420.69 trillion, with no additional tokens to be minted in the future.
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PEPE did not have an Initial Coin Offering (ICO), instead it launched silently and grew purely through word of mouth and virality. PEPE, alongside DOGE and SHIB, are meme coins offered by Newton but PEPE seeks to be the king of all meme coins (rightfully so). PEPE currently has no intrinsic value or utility. As described by the creators, it is "completely useless and for entertainment purposes only". Nonetheless PEPE can be used to transfer value and could be considered as a payment token.
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Pepe (PEPE)Â is a deflationary token whereby it burns a small percentage of tokens with each transaction, and redistributes - in part - to token holders to foster engagement and drive scarcity. While PEPEÂ has no intrinsic value or utility, it can be used as a transfer of value and could be considered a payment token.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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