The PEPE coin destruction mechanism is simply a trick to make this cryptocurrency increasingly valuable.
Each time PEPE coins are traded, a portion of the transaction fee will be burned. Just like burning money, these burned PEPE coins will directly disappear from the market. In this way, the total number of PEPE will be smaller and smaller, increasingly scarce, and the price will naturally increase.
This burning mechanism is not random, it has a set of rules, and each transaction will burn coins according to the rules. When there are many transactions, the fire burns quickly, like a strong fire; when there are few transactions, the fire burns slowly, like a thin jet of water; Moreover, this burning process is open and transparent and can be seen by everyone, so that everyone can invest in PEPE with more confidence.
In terms of market impact, PEPE’s destruction is like playing a game of supply and demand. If supply is reduced, the price may rise, but this also depends on whether investors buy or not and the overall market environment. But at least in theory, the destruction mechanism can give PEPE points.
And as PEPE burns less and less, its piggy bank function becomes stronger and stronger. After all, the less money, the more precious it is. However, what the long-term effect will be depends on the test of time and the market, so you need to keep your eyes open.
Let's talk about other advantages of PEPE. Firstly, the total number of its releases is limited. It is like a limited edition product. The rarer it is, the more valuable it is. Secondly, there is a large group of loyal fans and community support behind PEPE, which is very important in the currency circle. With the support of the community, PEPE can develop better and gain a firm foothold in the market. The PEPE destruction mechanism is a way to make it more scarce and valuable.
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