The latest Internet meme sensation to take the crypto market by storm is Pepe. Pepe coin is up more than 250% in the last 24 hours, and has already made headlines for one early investor turning $250 into $1.14 million in just four days since its launch.
As the cryptocurrency industry continues to evolve in unusual ways, meme coins like Dogecoin, Shiba Inu, and now Pepe coin are gaining traction and capturing the attention of both investors and enthusiasts alike. In this all-encompassing guide, we’ll cover the origins of Pepe Coin, its connection to the iconic Pepe meme, and why it matters in today’s constantly-changing crypto market.
In this Pepe coin FAQ dive deeper into Pepe tokenomics and provide step-by-step instructions on how to purchase the popular and trending memecoin.
What is Pepe Coin?
Pepe is a brand-new meme coin on the block featuring everyone’s favorite sad frog. Capitalizing on the popularity of meme culture, Pepe crypto harnesses the power of blockchain technology and combines it with the viral nature of the Pepe the Frog meme, aiming to create a one-of-a-kind user experience for holders.
The inspiration behind Pepe coin stems from the famous Pepe the Frog meme. Originally created by artist Matt Furie, Pepe the Frog gained widespread popularity on various internet platforms, evolving into a symbol for internet culture. By connecting the Pepe the Frog meme with cryptocurrency, Pepe coin embraces the essence of online communities and taps into the collective power of internet culture, providing users with a fun and engaging digital currency.
The Pepe Meme: Origins of the Pepe the Frog Meme
The Pepe the Frog meme traces its roots back to 2005 when artist Matt Furie introduced the character in his comic series, Boy’s Club. Initially an innocent comic character, Pepe gradually gained recognition on platforms like Myspace, Gaia Online, and 4chan, eventually becoming a widely-shared internet meme.
Over the years, Pepe the Frog has undergone numerous adaptations, giving rise to various versions of the meme. These include “Sad Frog,” “Smug Frog,” “Angry Pepe,” “Feels Frog,” and many more. Each iteration of Pepe embodies different emotions and scenarios, highlighting the meme’s flexibility and enduring appeal.
Despite its innocuous beginnings, Pepe the Frog became associated with controversial and extremist groups in the mid-2010s, notably the alt-right movement. Recognized as a hate symbol by the Anti-Defamation League in 2016, Pepe’s image took a darker turn.
However, efforts to reclaim Pepe’s original intent and restore his image as a harmless internet meme have been ongoing, with creator Matt Furie actively working to distance his creation from harmful associations. Pepe crypto is another positive step in restoring the meme’s original themes.
Feels good man! $PEPE brings early holders 700% rally in 48 hours | PEPEUSDC on TradingView.com
The Importance of Pepe Cryptocurrency & Influence on the Meme Economy
Pepe coin has made a significant impact on the thriving meme economy, demonstrating yet again how the most popular memes can evolve into digital assets with real-world value and thriving communities. Pepe once again highlights the growing influence of memes on today’s online and financial landscapes.
By embodying a well-known meme, Pepe coin serves as a testament to the cultural significance of memes in modern society. It captures the essence of internet culture and showcases how digital expressions can extend beyond simple entertainment, even entering the realm of finance.
Drawing inspiration from Dogecoin’s impressive growth in 2020, Pepe coin offers promising potential for growth and investment. As a meme-based cryptocurrency, it stands to benefit from the same viral appeal that fueled Dogecoin’s meteoric rise. Investors and enthusiasts alike should keep an eye on Pepe as it carves out its place in the ever-expanding world of cryptocurrencies.
An Overview of Pepe Coin’s Tokenomics
Here are the Pepe tokenomics overview, according to the official website. It covers aspects such as token supply, distribution, utility, and the mechanisms that steer its value within the ecosystem.
Total Supply
Pepe coin boasts a total supply of 420,690,000,000,000 tokens, embracing a “No Taxes, No Bullshit” policy that simplifies its value proposition. This finite supply creates scarcity, which can potentially boost the coin’s value as demand grows over time.
Distribution of Tokens
Pepe’s distribution strategy outlines how the tokens are allocated among different stakeholders like the development team, early investors, and users. A well-balanced distribution fosters a healthy ecosystem and encourages widespread adoption.
In Pepe coin’s case, 93.1% of tokens were sent to the liquidity pool, with LP tokens burnt and the contract renounced. The remaining 6.9% is held in a multi-sig team wallet, reserved for future centralized exchange listings, bridges, and liquidity pools. This wallet is easily trackable using the ENS name “pepecexwallet.eth”.
Utility within the Pepe Ecosystem
The utility of Pepe within its ecosystem defines its primary use cases and applications. This could involve purchasing digital goods, taking part in community governance, or gaining access to exclusive content. A flexible and practical utility can stimulate demand for the token, contributing to its long-term success.
Factors Influencing Pepe Coin’s Value
Pepe coin’s value can be affected by numerous factors, such as market sentiment, overall adoption, and the coin’s utility within its ecosystem. External factors like regulatory changes and the broader cryptocurrency market’s performance can also impact its price. By comprehending these dynamics, investors can make well-informed decisions about the potential risks and rewards associated with this meme-centric cryptocurrency.
How To Buy Pepe Coin: A Simple Guide
Here is information on how to buy Pepe from Uniswap.
Step 1. Create a Wallet
The first step in buying $Pepe is setting up a cryptocurrency wallet. Download MetaMask or another wallet of your choice from the App Store or Google Play Store for free. If you’re using a desktop, you can download the Google Chrome extension from metamask.io. Coinbase Wallet also works, and Uniswap recently released a new wallet on iOS and Android.
Step 2. Acquire ETH
Next, you’ll need to have ETH in your wallet to exchange for $PEPE. If you don’t already have ETH, you can purchase it directly through MetaMask, transfer it from another wallet, or buy it on another exchange and send it to your wallet.
Step 3. Connect to Uniswap
To buy $PEPE, you’ll need to connect to Uniswap. Open app.uniswap.org in Google Chrome or the browser inside your MetaMask app. Then, connect your wallet to Uniswap. Paste the $PEPE token address into Uniswap, select Pepe, and confirm. When MetaMask prompts you for a wallet signature, sign to proceed.
Step 4. Exchange ETH for $PEPE
Finally, exchange your ETH for $PEPE. If you cannot located $PEPE, manually add the token contract address: 0x6982508145454Ce325dDbE47a25d4ec3d2311933. Complete the transaction, and your $PEPE tokens will be safely stored in your wallet.
Pepe Coin Roadmap
According to the meme cryptocurrency’s official website, the journey of Pepe Coin can be broadly divided into three phases:
- Phase 1: Meme
- Phase 2: Vibe and HODL
- Phase 3: Generational wealth
While this overview provides a glimpse of Pepe Coin’s path, expect surprises and exciting developments along the way.
Phase 1: Meme
- Launch of Pepe Coin
- CoinGecko and CoinMarketCap listings
- Reach 1,000+ holders
- Get $PEPE trending on Twitter with meme power
Phase 2: Vibe and HODL
- Establish community partnerships
- Introduce the Pepe Times digital newsletter
- Create a token-gated Discord group, Pepe Palace, for holders (details TBA)
- Centralized exchange (CEX) listings
- Achieve 10,000+ holders
Phase 3: Generational Wealth
- Release Pepe-themed merchandise with a portion of revenues used for $PEPE buy and burn
- Launch Pepe Academy (details TBA)
- Develop Pepe Tools (details TBA)
- List on Tier-1 exchanges
- Reach 100,000+ holders
- Flip Bitcoin in market dominance
Conclusion
Pepe coin is currently a brand-new meme coin with huge potential, if its meme-coin predecessors are sign of what’s to come. That said, Pepe is also a high-risk investment without a proven business model, and is based on an internet meme. Therefore, always do your own extensive research before investing, and never invest more than you can afford to lose
Investment Disclaimer :The information provided in this article is for informational and educational purposes only and should not be construed as financial or investment advice. The views and opinions expressed in this article do not necessarily represent those of the author or the publisher and should not be relied upon as investment advice or a recommendation to buy, sell, or hold any security or cryptocurrency.
Investing in cryptocurrencies, including Pepe Coin, involves a high degree of risk, and you should only invest an amount you can afford to lose. Past performance is not indicative of future results, and the value of cryptocurrencies can fluctuate widely. You should carefully consider your financial situation, investment objectives, and risk tolerance before making any investment decisions.
Always consult with a professional financial advisor, conduct your research, and perform your due diligence before making any investments. The author, publisher, and any associated parties assume no responsibility for any losses, damages, or financial consequences resulting from the use of the information provided in this article.
Source: https://bitcoinist.com/pepe-coin-faq-crypto-hot-new-meme-coin/