<h3><strong>What is Pepe Coin (PEPE)?</strong></h3><p>Pepe Coin (PEPE) is a deflationary meme coin built on the Ethereum blockchain, inspired by the Pepe the Frog meme. It is a community-driven cryptocurrency with no inherent value or utility, focused on fostering engagement within the meme coin ecosystem.</p><h3><strong>How does Pepe Coin work?</strong></h3><ul><li><strong>Underlying Technology:</strong> Operates as an ERC-20 token on the Ethereum blockchain, leveraging Ethereum's infrastructure for security and transactions.</li><li><strong>Consensus Mechanism:</strong> Relies on Ethereum's Proof of Stake (PoS) mechanism for transaction validation.</li><li><strong>Deflationary Features:</strong> Burns a portion of tokens with each transaction and redistributes 1% to existing token holders.</li><li><strong>Smart Contracts:</strong> Utilizes Ethereum smart contracts for token management and transactions.</li></ul><h3><strong>What are the potential use cases for Pepe Coin?</strong></h3><ul><li><strong>Trading:</strong> Active trading on cryptocurrency exchanges.</li><li><strong>Community Engagement:</strong> Participation in meme-based online communities and events.</li><li><strong>Digital Ecosystem:</strong> Potential integration into online gaming and digital content platforms.</li></ul><h3><strong>What is the history of Pepe Coin?</strong></h3><ul><li><strong>2023:</strong> Launched in April and achieved a $1 billion market capitalization within three weeks.</li><li><strong>2023:</strong> Reached a peak market cap of $5 billion, entering the top 100 cryptocurrencies by market cap.</li><li><strong>2023:</strong> Faced setbacks in August due to unexpected wallet activity, prompting token burns and new advisors to restore confidence.</li></ul><p><br></p>

### What is Pepe?

Pepe (PEPE) is a meme coin that operates on the Ethereum blockchain, inspired by the popular internet meme, Pepe the Frog. It is an ERC-20 token designed to leverage the meme culture, aiming to become a significant player in the meme-based cryptocurrency sector.

### How does Pepe work?

Pepe functions as an ERC-20 token issued on the Ethereum blockchain. Transactions involving PEPE are processed through Ethereum’s network, which utilises a Proof-of-Stake (PoS) consensus mechanism. This structure allows the coin to benefit from Ethereum's security and scalability features, while encouraging staking and community participation.

### What are the potential use cases for Pepe?

Pepe has various potential use cases, including:

- **Microtransactions**: Being a meme coin, it facilitates smaller transactions in a fun and engaging manner.
- **Tipping content creators**: It can be used to reward creators on social media platforms.
- **Decentralised finance (DeFi)**: Engagement in DeFi platforms for trading, lending, or staking.
- **In-app purchases**: Used within apps for buying virtual goods.
- **Voting**: Granting governance rights within decentralised applications (DApps).

### What is the history of Pepe?

The concept of Pepe Coin first emerged with the creation of a digital currency inspired by Pepe the Frog meme in 2016. The current version of Pepe Coin (PEPE) was introduced in April 2023 on Ethereum as a deflationary meme coin. It quickly gained popularity, achieving a significant market presence with a strong community backing. It is notable for its dynamic evolution, especially with the involvement of its founder, Zachary Testa, and its place within the broader meme coin ecosystem.

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