PEPE-Coin: This is the competitor of Dogecoin & Co.
Memecoins have been an integral part of the crypto market for several years. With PEPE, another coin will join the ranks of fun currencies in 2023.
Values in this article
currency
3,308.4096 CHF -106.5300 CHF -3.12%
3,557.0523 EUR -113.8977 EUR -3.10%
£3,087.4374 -97.3157 GBP -3.06%
625,973.4177 JPY -21,113.5924 JPY -3.26%
$4,121.3089 -124.6549 USD -2.94%
0.1661 CHF -0.0059 CHF -3.44%
0.1786 EUR -0.0063 EUR -3.42%
0.1550 GBP -0.0054 GBP -3.37%
31.4360 JPY -1.1676 JPY -3.58%
$0.2070 -0.0070 USD -3.26%
0.0000 CHF -0.0000 CHF -2.96%
0.0000 EUR -0.0000 EUR -2.91%
0.0000 GBP -0.0000 GBP -2.81%
0.0012JPY -0.0000 JPY -3.05%
$0.0000 -0.0000 USD -2.74%
0.0000 CHF -0.0000 CHF -2.94%
0.0000 EUR -0.0000 EUR -2.92%
0.0000 GBP -0.0000 GBP -2.80%
0.0016JPY -0.0001 JPY -3.07%
$0.0000 -0.0000 USD -2.78%
0.0033 CHF -0.0001 CHF -3.87%
0.0035 EUR -0.0001 EUR -3.85%
0.0031 GBP -0.0001 GBP -3.80%
0.6197 JPY -0.0259 JPY -4.01%
• PEPE wants to overtake Dogecoin and Co
• Deflation mechanism and redistribution system should make the coin attractive
• There are no taxes with PEPE
Pepe wants to take over
On its own website, the memecoin PEPE is described as “the most memorable memecoin there is.” “The dogs have had their day, it’s time for PEPE to take over.” PEPE is alluding to memecoins such as Dogecoin, SHIBA INU and Co.
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The cryptocurrency, which has been around since April 14, 2023, is based on the comic character “Pepe the Brisk” by Matt Furie, which has become one of the most famous memes on social media. However, as stated on the coin’s website, PEPE has no connection to Matt Furie or his creation. “This token is simply a tribute to a meme we all love and know,” it says.
The website also explains that PEPE is a memecoin “with no intrinsic value or expectation of financial return.” There is no formal team or roadmap. “The coin is completely useless and is only for entertainment.”
Deflation mechanism and redistribution system
According to Bitcoin2Go, PEPE is a classic ERC 20 token, which means that the coin benefits from the security and speed of the Ethereum blockchain while being compatible with all decentralized applications on the blockchain. Other important features are the deflation mechanism and the redistribution system. Every transaction burns a small amount of tokens. This reduces the total number of coins, which could have a positive effect on the value of the coins. In addition, a small share is distributed to the token holders with every transaction, which should make long-term investments in the coin more attractive.
According to the website, 93.1 percent of tokens were sent to the liquidity pool, LP tokens were burned, and the contract was terminated. Meanwhile, the remaining 6.9 percent of the supply would be held in a multi-sig wallet and used only for future centralized exchange listings, bridges and liquidity pools.
PEPE also advertises that there are no taxes with the new memecoin: “No taxes, no bullshit,” say the creators on the Pepe website. “We have ZERO taxes, so you don’t have to worry about buying with a specific slippage, although you may have to resort to slippage during times of market volatility,” it says.
Roadmap
However, there doesn’t seem to be any roadmap for the coin. Three phases are mentioned on the website, which are intended to give a rough outlook on the coin’s upcoming path. The goals in phase one are the launch of the coin, listings on CoinGecko/Coinmarketcap, more than 1,000 holders and $PEPE trending on Twitter. Phase two will include Community Partnerships, a PEPE Times digital newsletter, the launch of the token-driven Discord group Pepe Palace, CEX listings and more than 10,000 holders. Phase three will include PEPE-Merck, PEPE Academy, PEPE Tools, T1 stock exchange listings, more than 100,000 holders and the meme takeover. However, they don’t want to give everything away on the first day – “expect surprises along the way,” they say.
This is how you can buy PEPE
On their website, the anonymous creators of the coin explain in four steps how interested parties can buy PEPE. First, the wallet of your choice, such as Metamask, must be downloaded from the App Store or Google Play Store – Desktop users could download the Google Chrome extension at metamask.io. Then you have to buy ETH, if it is not already in your wallet, in order to be able to exchange it for PEPE later. You then have to connect to Uniswap and connect your wallet. Then the PEPE token address must be entered into Uniswap, selected and confirmed. It is already possible to exchange ETH for PEPE.
Criticism of PEPE: Alt-right movement has used memes in the past
However, PEPE has also met with criticism. Even though the coin’s creators state that PEPE has no connection to Matt Furie or his creation “Pepe the Forsch,” the website states that PEPE wants to help “make memecoins great again,” which sounds like a reference to Donald Trump’s campaign slogan. The character of Furie was also used as a meme by the alt-right movement, among others, in the 2016 US presidential election campaign.
Editorial team finanzen.net