What is the PEPE Coin?
PEPE Coin is a digital currency launched on the Ethereum blockchain. This currency falls under the category of meme coins, which are digital currencies inspired by internet memes, and often lack intrinsic utility or practical applications. In this case, PEPE Coin draws its inspiration from the famous internet meme 'Pepe the Frog'.
Key Features:
Deflationary: This refers to a mechanism where the total supply of PEPE tokens gradually decreases over time. This is usually done by burning a small portion of tokens with each transaction, which may increase the value of the remaining tokens due to their scarcity.
Tax-exempt Policy: Unlike many other digital currencies, PEPE does not impose any transaction fees on buying or selling the token. This is suitable for traders looking for a cost-effective trading experience.
Redistribution System: A portion of every PEPE transaction is distributed to current token holders. This aims to incentivize holding the token in the long term and enhance user participation in the PEPE ecosystem.
Essentially, the PEPE project capitalizes on the popularity of meme coins and the features of the Ethereum blockchain to create a community-driven and potentially deflationary cryptocurrency.
