Main Features of PEPE
Technically, PEPE is an ERC-20 token that operates on the Ethereum blockchain. This means that it shares certain characteristics with other Ethereum-based tokens, such as the ability to integrate with DeFi (decentralized finance) platforms, decentralized exchanges (DEX), and wallet services like Metamask.
1. No Transaction Fees
One of the features that distinguishes PEPE from other meme cryptocurrencies is the absence of transaction fees. This makes it more accessible for users who want to make frequent token transfers without having to worry about fees. In contrast, coins like Dogecoin and Bonk usually have fees associated with each transaction, which can be a disincentive for small investors.
2. Redistribution System
At the beginning of its launch, PEPE offered an additional attraction: a redistribution system. This means that every time a transaction was made on the PEPE network, a portion of that transaction was redistributed among existing holders of the coin. This system encouraged long-term retention of the tokens, as users could earn rewards simply by holding PEPE in their wallet.
3. Token Burn Mechanism
PEPE also has a burn mechanism that reduces the total number of tokens in circulation. Token burning occurs with each transaction, which decreases the supply of PEPE over time. In theory, this should increase the value of the remaining tokens, as it becomes more difficult to acquire them. However, this mechanism has undergone some changes since its original implementation, which has generated uncertainty among some investors.