The electronic money market is always vibrant with the emergence of thousands of large and small projects. Out of that meme coin that emerged as a unique phenomenon, attracting the attention of numerous investors thanks to entertainment, the ability to spread powerful and sometimes is the level of profitability “crisis”. Between countless names, Pepe Coin ($PEPE) is the name of a, makes people curious and ask questions about the true potential of it.
This article will delve into the answer Pepe Coin what is it?, from the origin, characteristics, opportunities and risks when investing in the meme coin upheaval.
Pepe Coin what is it?
Pepe Coin is a type of electronic money belongs to the group of meme coin, inspired by the image, green frog, Pepe the Frog famous on the internet. Unlike Bitcoin or Ethereum, with the complex technology, Pepe Coin focuses on the nature of community and the spread of the meme.
Difference with Dogecoin or Shiba Inu – the meme coin the first time has developed and sometimes more integrated the certain utility, Pepe Coin appears as a new wind, emphasizing the nature of “pure meme”, and the non-focus in development.
Basic information about Pepe Coin
- Token code: $PEPE
- Platform released: Ethereum (ERC-20 token). This means that it works on the blockchain Ethereum, take advantage of the security and non-focus of this network.
- Time released: Pepe Coin was launched on April 4, 2023 and quickly created a “fever” in just a short time.
- Total supply and distribution policy token: Pepe Coin has a total supply very large, up to 420.690.000.000.000 (420,69 trillion) token. In large part this token is distributed through the pool of liquidity and the mechanism encourages the community. The special thing is Pepe Coin does not have the “pre-sale” (pre-sale) for institutional investors, help ensure fair and non-focused right from the start.
The goal and vision of Pepe Coin
The main objective of Pepe Coin initial is to become a meme coin of pure entertainment, do not place heavy practical applications complex. However, the community and the spread strong on the social network has become the main developer of it.
Community of Pepe Coin works towards decentralized, there is no one organization or the development team stands after clear. This is both strengths (promote the cohesion of the community) is both a weakness (lack of long term oriented and prone to manipulation).
Development roadmap (Roadmap)
Despite being a meme coin, Pepe Coin also has a roadmap to develop simple, focused on strengthening the recognition and accessibility:
- Phase 1 (debut): Focus on creating brand awareness, listed on the exchanges decentralized (DEX) as Uniswap.
- Phase 2 (diffuse): Extended community, attract more users, and try listing on the exchanges centralized (CEX) larger.
- Phase 3 (diversification): May consider features such as staking, integrated NFT or cooperation with other projects to increase utility, although these features are not yet a top priority.
The column notable landmark was achieved, including the listing on the floor as big as Binance, MEXC, OKX, this has contributed significantly to the growth in the price and trading volume of $PEPE.
Pepe Coin how it works?
Pepe Coin acts as a token ERC-20 casual on blockchain Ethereum. Users can buy, sell and transfer $PEPE between the wallet.
Tokenomics: A remarkable point of Pepe Coin is mechanism “zero tax” (not transaction tax). This means when you buy or sell $PEPE, you don't have to pay any transaction fee for protocols to help reduce costs for users and encourage transactions.
Current Pepe Coin has none of the mechanisms staking or farming official from the project. However, the exchanges can provide these services to attract users.
Advantages and risks when investing in Pepe Coin
Invest in Pepe Coin potential both opportunities and challenges:
1. Advantages:
- Cheap, easy to approach: With the initial price very low, Pepe Coin quickly and easily reach many investors, especially those who have a small capital.
- Vibrant community: Community supporters Pepe Coin very strong and active on the social networking platform, contributed to the spread effects strong.
- Viral height: Image Pepe the Frog was too familiar, and your coin is easy to become “viral” and attract attention.
- The “Zero tax”: No transaction tax is a big plus, help optimize profits for the short-term trading.
2. Risks:
- The price action strong, prone to manipulation: Is a meme coin, the price of $PEPE greatly influenced by market sentiment, news and the campaign to “pump and dump”. This makes the price can skyrocket or fall deeper in just a short time, potential high risks.
- Lack of practical application: Current Pepe Coin has no practical application, or breakthrough technology does. Its worth mainly comes from the speculation and crowd effect.
- Prone to “withdraw the carpet” (rug pull): Although Pepe Coin is advertised as non-concentrate, but with the nature of the meme coin, the risk of being “rug pull” (development team withdrawal of liquidity and disappeared) still exist if the project is not transparent.
- Sustainability low: Due to lack of utilities, the ability to maintain long-term value of Pepe Coin is still a big question mark.
Pepe Coin worth investing not?
This question does not have a single answer. From the angle neutral, investing in Pepe Coin depends very much on the level of risk acceptance and objectives of your investment.
Pepe Coin can match:
- Speculators: Those seeking a quick profit from the price movements strong.
- Those who want to join the movement meme: With the desire to become a part of the community and benefit from growth based on the effect the community.
On the contrary, Pepe Coin does not suit those looking for a long-term investment, stable, or who do not accept the high risks. The lack of practical application, making it become an asset speculation pure.
If you are interested in, hn monitoring the news on social networks, community happenings, and the volume of transactions of $PEPE. This can help you somewhat rating is market psychology.
How to buy and store Pepe Coin
If you decide to invest in Pepe Coin, this is how you can perform:
1. The exchanges listing Pepe Coin:
Pepe Coin is already listed on many exchanges centralized (CEX) and decentralized (DEX), large:
- Floor decentralized (DEX): Uniswap is the most popular places to buy $PEPE original. You will need ETH for trading on Uniswap.
- Floor focus (CEX): The massive floor as Binance, MEXC, OKX, KuCoin, Bybit... has also listed $PEPE, help the buying and selling becomes easier.
2. How to create wallet storage Pepe Coin:
For $PEPE is a token ERC-20, you can store it on any wallet which supports Ethereum:
- For hot (Hot Wallets): Metamask and Trust Wallet are two popular choices, easy to use and convenient for daily transactions. You can install them as add-ons, browser extension or mobile app.
- Cold wallets (Cold Wallets): For maximum security for the large number of $PEPE, you should use cold wallets such as Ledger or Trezor.
3. Basic instructions how to buy:
- Step 1: Prepare the money coding: To buy $PEPE, you will often need ETH (if purchased on DEX) or USDT/BUSD (if purchased on CEX).
- Step 2: Select the trading floor: Visit the trading floor you want to use (for example: Uniswap or Binance).
- Step 3: connect purse (DEX) or account creation (CEX):
- DEX: Connect wallet Metamask or Trust Wallet of you with Uniswap.
- CEX: Account registration, identity verification and recharge on the floor.
- Step 4: Search $PEPE and perform transactions: Search traded pairs $PEPE/ETH or $PEPE/USDT, enter the number you want to buy and confirm the transaction.
Pepe Coin has created an interesting phenomenon in the electronic money market, show the strength of community and the possibility of propagation of the meme. However, like every meme coin other $PEPE comes with risks, price volatility and lack of practical application.
So, before deciding on “down payment” on Pepe Coin or any meme coin other, consider it thoroughly, find out information, multi-dimensional and only invest the amount that you are willing to lose. Crypto market is always potential for more surprises, and discretion is always key to protect your assets. Find out more about the meme coin other at Blog Meme Coin.
