The PEPE (Baby) coin is a cryptocurrency from the "meme coins" category that has gained wide popularity and quickly became one of the most traded cryptocurrencies. Here are some basic facts about it:
* Origin and Launch: The PEPE coin was launched in April 2023 by anonymous developers.
* Concept: The PEPE coin is a tribute to the character "Pepe the Frog," which has gained wide fame as a "meme" on the internet. Its value heavily depends on the ongoing interest and activity within its community.
* Technical Structure: It is an ERC-20 token built on the Ethereum blockchain, providing it with a strong and secure infrastructure, benefiting from the advantages of the Ethereum network such as high security.
* Financial Policy: It features a policy of no taxes on transactions. It was launched with an initial maximum supply of 420.69 trillion tokens and relies on a burn mechanism that permanently removes tokens from circulation to maintain scarcity, contributing to its deflationary potential.
* Value and Use: Unlike many cryptocurrencies that claim specific utility cases, PEPE is transparent about being a meme coin focused on community and culture rather than utility. Its value derives from its cultural significance and community support rather than technological applications.
* Volatility and Risks: PEPE is considered a speculative and high-risk asset due to its significant price volatility. $PEPE