Pepe

Overview

PEPE is a meme cryptocurrency launched in April 2023 on the Ethereum blockchain. It was created as a community-driven project inspired by the Pepe the Frog internet meme.

Purpose and Utility

The token's primary stated purpose is to serve as a community-driven meme token. It has no explicit utility beyond trading and serving as a digital collectible. The project does not claim to solve any technical problems or provide specific technological innovations.

Business Model and Operations

PEPE operates as a simple ERC-20 token with basic transfer functionality. There is no complex business model or additional features. The token has gained significant trading volume on major cryptocurrency exchanges.

Token Distribution

The initial token distribution included no pre-sale or team allocation. 93.1% of the total supply was sent to the liquidity pool on Uniswap, with the remaining 6.9% being burned. The ownership of the contract was renounced, meaning the creators cannot modify the contract or mint new tokens.

Development Activity

There is minimal ongoing development activity as the token operates on a simple smart contract. The project maintains social media presence primarily for community engagement.

Current Usage

The token is primarily used for trading on various cryptocurrency exchanges. It has achieved significant trading volume and market capitalization, making it one of the most traded meme tokens in 2023.