What is Pepe Coin (PEPE)? Memecoin On Ethereum Blockchain Listed On Bittime

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Bittime -The crypto asset meme coin Pepe (PEPE), which has recently become quite popular among crypto investors, will soon be available on Bittime, one of the crypto trading platforms licensed by the Commodity Futures Trading Supervisory Agency (Bappebti). Not long ago it was launched, PEPE has now managed to become one of the top 100 traded cryptocurrencies.

As a newcomer memecoin, to date PEPE has proven successful in achieving the same achievements as its predecessor, namely DOGE Coin, by exceeding a market capitalization of $1 billion. In contrast to DOGE which took almost four years to achieve this achievement, PEPE succeeded in achieving this achievement in just three weeks after its launch. Until now, with prices still quite fluctuating, the number of PEPE asset holders continues to increase significantly.

What is PEPE Coin?

Pepe Coin (PEPE) is a coin that is included in the ranks of popular memecoins, designed to restore the glory of memecoins. Even though it was launched quietly without any pre-sale, PEPE still managed to prove its presence in the crypto market.

As a part of memecoin, on its official website PEPE explains that Pepe Coin "has no intrinsic value or guaranteed profits" for its investors. Like other memecoins, the Pepe Project and its native token exist solely as a fan-driven platform seeking to further expand the utility of PEPE Coin.

PEPE Coin Ecosystem

As of May 29, 2023, the ecosystem around PEPE Coin has shown tremendous growth in a relatively short period of time, with a thriving community of around 65,000 wallet owners. PEPE's official Telegram group has more than 25,000 members so far, and PEPE's official Twitter account that appeared in April has also amassed more than 133,000 followers. The increasing number of token holders, coupled with the potential for further listings on cryptocurrency exchanges, indicates growing interest and support for the project. As the ecosystem grows, driven by the enthusiasm of its community, PEPE Coin continues to carve its path as a memeable digital asset with the potential for long-term engagement and value.

Who is the Developer Behind PEPE Coin's Success?

Until now, the creator of PEPE Coin is still anonymous, just like the creators of other memecoins that have existed before. Inspired by the popular Pepe the Frog meme originally created by Matt Furie in 2005, PEPE Coin and its tokens have no official affiliation with Furie or the original cartoon character.

When and on what Network was PEPE Coin Launched?

Launched on April 17, 2023, PEPE Coin operates as an ERC-20 token built on the Ethereum blockchain using a proof-of-stake consensus mechanism . The Ethereum validator network processes PEPE Coin transactions, with Ethereum gas fees applicable to buying, selling, and transferring coins.

Tokenomics PEPE Coin

In terms of Tokenomics, PEPE Coin has a unique total supply of 420,690,000,000,000 tokens. Where this number is an homage to the popular meme reference "4:20" and also "69".

According to the official PEPE website, 93.1% of the supply has been allocated to the liquidity pool , while the remaining 6.9% is reserved for wallets with multiple private keys which will be used for future use, such as listing on centralized exchanges , connections between blockchain nodes, and also liquidity. It is also informed on the official website that the PEPE developer wallet can be tracked with the ENS name "pepecexwallet.eth."

Roadmap PEPE Coin

Even though on their official website so far there is no information that explicitly explains developer information, Pepe Coin provides a general overview of their roadmap.

Source: pepe.vip

To create scarcity and potentially increase the value of remaining tokens over time, PEPE Coin uses a deflationary mechanism that burns a small portion of tokens with each transaction. Additionally, it uses a redistribution system where a portion of each transaction is distributed to existing token holders and incentivizes user engagement and long-term investment.

As of May 29, 2023, PEPE Coin holds a ranking of #73 on CoinMarketCap with a live market cap of $612,629,040 and trading volume of $120,432,034. The circulating supply of PEPE Coin is 391,790,000,000,000 tokens, with a maximum supply of 420,690,000,000,000 tokens.

Conclusion

Even though it is listed as a newcomer to the crypto world, PEPE managed to steal the attention of investors by recording a market capitalization of $1 billion in just 19 days since its launch.

However, like other memecoins that have previously gone viral, PEPE Coin investment also has its own risks and challenges. Moreover, so far PEPE has really relied on its development on the community. However, if PEPE is able to survive for a long period of time and succeeds in entering various crypto asset buying and selling platforms with quite large liquidity locking values, then there is a possibility that concerns about PEPE's future can be reduced.

For those of you who can't wait to trade PEPE, Bittime will soon include this memecoin in assets that can be traded on our platform. Don't forget to pay attention to our latest updates regarding information on opening PEPE deposits at Bittime!

Cara Beli Pepe Coin (PEPE) by Bittime

You can buy and sell Pepe Coin (PEPE) in an easy and safe way via Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

Pepe Coin (PEPE) is available on Bittime with the market pair PEPE/USDT.  To be able to buy PEPE/USDT  on Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy PEPE/USDT on Bittime.

Monitor the  price  chart movements of Pepe Coin (PEPE) ,  Bitcoin (BTC) ,  Ethereum (ETH ),  Solana (SOL )  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.