What is PEPE Coin?
par LCX Team · September 7, 2024
Pepe Coin ($PEPE) is a cryptocurrency that gained popularity as a meme coin, running on the Ethereum blockchain. Launched in April 2023, it swiftly became one of the most actively traded tokens, fueled by a dedicated community and reaching an impressive market cap of $5 billion.
How does Pepe Coin work?
Pepe Coin is built on a few key principles:
- Deflationary Model: A small portion of tokens is burned during each transaction. This reduces the overall supply over time, potentially increasing the value of the remaining tokens by making them scarcer.
- Redistribution System: Initially, each transaction redistributed a percentage of tokens to current holders, encouraging long-term participation and rewarding investors. There have been talks about discontinuing this feature, but it has historically promoted user engagement by offering rewards based on how much Pepe Coin a user holds.
Trade $PEPE at LCX Exchange
Sign InThe Origin of Pepe the Frog
Pepe the Frog started as a character in the comic series “Boy’s Club,” created by artist Matt Furie. Although it became a widely loved internet meme, it was unfortunately misappropriated for negative use during the 2016 U.S. elections, linked to hate speech. Efforts have been made to restore Pepe’s positive image, with Furie launching campaigns such as “Save Pepe” to reclaim the character’s original intent.
Where Can You Buy PEPE?
You can buy, trade, and deposit PEPE tokens at the LCX exchange. The trading pairs for PEPE tokens are: PEPE/EUR
