#MemecoinSentiment The Baby (PEPE) coin is a cryptocurrency (meme coin) launched in April 2023. It draws its name and character from the famous internet meme "Pepe the Frog."
Key points about the Baby coin:
* Type of coin: It is a "meme coin," meaning a digital currency that relies on internet culture and humor, rather than necessarily on technical utility or significant real-world use.
* Foundation: Built on the Ethereum blockchain.
* Purpose: Created to be a comedic and fun project in the world of cryptocurrencies, leveraging the popularity of other meme coins like Dogecoin and Shiba Inu.
* Distinctive features:
* No tax policy: No additional fees are imposed on transactions.
* Redistribution system: A portion of each transaction is allocated to reward current coin holders, encouraging longer-term holding of the coin.
* Coin burning mechanism: Includes a mechanism to burn a portion of the coins over time, reducing the total supply and increasing scarcity.