Memetic / PepeCoin

Overview

Memetic / PepeCoin (MEME) is a cryptocurrency that originated in 2016 as one of the earliest meme-based tokens. The project started as a fork of LiteCoin and initially focused on meme culture and social media tipping.

Purpose and Utility

The token's primary stated purpose is to serve as a medium of exchange within meme communities and content creators. It allows for quick transactions and tipping between users who create or share meme content.

Current Usage

While the project began with specific utility goals, its current usage is primarily centered around trading on various cryptocurrency exchanges. The token maintains active trading volumes but has limited adoption for its original content creator tipping use case.

Development Activity

Development activity has been minimal in recent years, with most updates focusing on maintaining basic functionality rather than expanding features. The project maintains its basic infrastructure but hasn't introduced significant new utility features recently.

Token Distribution

The token distribution appears relatively decentralized due to its age and long trading history. There isn't a concerning concentration of tokens in founder or developer wallets based on available on-chain data.

Revenue Model

The project doesn't involve any interest-bearing mechanisms, lending, or gambling features. It functions purely as a transferable digital asset.