$PEPE
The pepe currency uses a unique burn mechanism called "PepeBurn".
Here’s an explanation of how PepeBurn works:
1% of all transaction fees is sent to a burn wallet address.
This wallet cannot be accessed by anyone, thus permanently removing the cryptocurrency from circulation.
This reduces the circulating supply of pepe currency, which may lead to an increase in its value.
In addition to PepeBurn, there are two other burning methods used in pepe currency:
Manual burn: The owner of the currency can manually send their coins to a burn wallet address.
Burn through interaction with dApps: Some decentralized applications (dApps) can burn pepe currency as part of their function.
Here are some advantages of burning pepe currency:
It reduces the circulating supply, which may lead to an increase in value.
It makes the currency more scarce.
It creates upward pressure on the price.
Here are some disadvantages of burning pepe currency:
It can have a negative impact on liquidity.
It can make the currency more volatile.
It can be difficult to assess the impact of burning on value.
