Today, the crypto industry is now overwhelmed with numerous memecoin projects. One of it is Pepe coin, a memecoin inspired by Pepe the Frog. Also referred to as $PEPE, this project seeks to truncate the dominance of Inu-themed cryptocurrencies in the industry. According to our findings, Pepe coin was launched in April 2023, with no presale. It describes itself as the crypto for the people. On its official Twitter account, the project is described as the “most memeable memecoin in existence,” stressing that“dogs have had their day.” With this statement, the project is referring to memecoins that existed before it.
Roadmap of Pepe Coin
Worthy of note that Pepe coin has its development roadmap. The roadmap, according to our findings, is in three stages. They include Meme, Vibe and HODL, and Meme Takeover. In the first stage, the developer of Pepe coin worked on launching the coin itself and ensuring that it becomes listed on numerous crypto platforms like coinmarketcap.
As for the second stage, referred to as Vibe and HODL, attention would be given to fostering community collaborations, creation of a token-gated Discord platform and exchange listings. While the third stage will focus on merchandise and the establishment of Pepe Academy, Pepe Tools and Tier 1 exchange listings. It is worth mentioning that the project wants to actualize at least 100,000+ holders of the token at the end of the stages.
As an emerging memecoin, Pepe coin is aspiring to lead the world of memes. With its roadmap entailing community engagement and innovative developments, the project has the potential to soar. Investors willing to invest in the token can now swap their current crypto holdings for Pepe coin, particularly on Metamask wallet. Also, some crypto exchanges like Bybit are supporting Pepe coin, thereby creating an enablement for investors to deposit fiat for the purchase of Pepecoin.
Who founded Pepe Coin?
At the moment, the founder of Pepe coin is anonymous. But we rely on the information by Etherscan about the address of the person who deployed the token. According to the token’s contract on Etherscan, it’s deployer’s address is 0x2afae7763487e60b893cb57803694810e6d3d136186a6de6719921afd7ca304a.
Tokenomics of PEPE Coin
The meme coin focuses on long-term commitment. The token employs a redistribution structure that incentivizes stakers who keep the coin for the long term. To retain their commitment, stakers get rewards the longer they keep the token.
Consequently, PEPE gains more price stability as holders will remain committed to keeping the token rather than selling it. Also, PEPE requires a stake of 32 ETH to become a network validator. Becoming a decentralized validator on the network will aid such staker the power of processing transactions and securing the network.
There are 420 trillion PEPE in circulation. Though, the number is structured to reduce through the project’s burning mechanism. As designed, the burning mechanism will ensure the scarcity of the coin. More so, 93.1% of the total supply is in a liquidity pool on Uniswap. However, the remaining portion is in a multi-sig wallet, set aside for future listing, bridges, and liquidity pool.
Recent Performance and Listing
PEPE coin is making a rave in the crypto space of late. The token has soared massively to a noticeable extent that has got investors and crypto enthusiasts talking about the meme coin. Despite being a new project in the market, PEPE coin’s recent performance has placed it at #52 on the list of top cryptocurrencies on Coinmarketcap.
In the meme coin sphere, PEPE is presently listed 3rd ahead of FLOKI, ELON, and BabyDoge. On May 5, 2023, the token recorded its all-time high of $0.000004354. The remarkable feat represented about an 8496.14% increase from its all-time low of $0.00000002764 it recorded 19 days before hitting the recent zenith of its value.
This outstanding market performance hasn’t gone unnoticed by crypto exchanges. At the moment, more than 30 crypto exchanges have listed PEPE. This number is bound to soar as many others will follow suit. Top exchanges like Binance, KuCoin, Crypto.com, OKX, Huobi, Bybit, MEXC, and UniSwap have listed the meme coin.
Conclusion
Meanwhile, investors should be mindful of their commitment to the meme coin. Presently, the team behind PEPE is unknown, and the meme coin has no utility case. The token might have rewarded early investors awesomely, nonetheless, investors must trade with caution as the crypto space has witnessed numerous rug pull cases with meme coins.