The PEPE coin relies on a burn mechanism aimed at reducing
the supply and increased scarcity, which could positively affect its value over time.
🔥 Daily Burn Mechanism
Automatic burn with every transaction: A small percentage of coins is burned with each transaction on the network. Some sources indicate that the number of coins burned daily reaches thousands, contributing to a gradual reduction in supply.
Significant Burn on Specific Occasions: On October 24, 2023, 6.9 trillion PEPE coins were burned, resulting in a 31% increase in its value within 24 hours.
📊 Impact of Burn on Supply
Total Supply: At launch, the total supply was 420.69 trillion coins. 50% of this supply (about 210 trillion coins) was burned initially to reduce supply and increase scarcity.
Current Circulating Supply: Despite the burns, the circulating supply is still around 420 trillion coins, due to the reintroduction of some burned coins or the issuance of new coins as rewards.
📈 Importance of Burn for Investors
The burn mechanism helps reduce the supply, which could lead to an increase in the market value of the coin if demand continues or increases. This makes PEPE attractive to investors looking for cryptocurrencies with a deflationary economic model.
If you want to follow daily burns or learn more about their impact on the price of PEPE, you can visit sites like CoinGecko or CoinMarketCap. Like and follow.
$PEPE
PEPE
0.00001221
+11.1%
