Have you heard of PEPE? It is a meme coin that launched in April 2023 on the Ethereum network as an ERC-20, inspired by the famous character 'Pepe the Frog'.
๐ฏ What distinguishes it:
A huge number of tokens issued (supply) but it has a burn mechanism and a portion of every transaction is redistributed to its holders.
The project encourages holding tokens through a redistribution system for long-term investors.
Based on the Ethereum network, which means it benefits from the infrastructure of Ethereum.
โ ๏ธ But... beware:$PEPE
It is a meme coin: meaning it has a significant entertainment element, but does not rely on a large technological project or clear practical use.
Its volatility is very high โ the chances of profit are great but the risk is greater.
