Pepe By Matt FuriePrice

(PEPE1)

The crypto project known as "Pepe By Matt Furie" or "Pepe (PEPE)" is a memecoin that draws its inspiration from the well-known "Pepe the Frog" internet meme. This popular meme character originated from cartoonist Matt Furie's comic titled "Boy's Club" in 2005. Despite its name and inspiration, the Pepe coin project has no official connection or affiliation with Matt Furie, the original creator of Pepe the Frog. The project explicitly states that it is a tribute to the meme rather than an official collaboration. Launched in April 2023, Pepe is an ERC-20 token built on the Ethereum blockchain. As a memecoin, its stated purpose is to capitalize on the cultural relevance of internet memes within the cryptocurrency space. The project describes itself as having no intrinsic value or expectation of financial return, characterizing the coin as "useless" and for entertainment purposes only. It also operates with a no-tax policy on transactions. The Pepe project incorporates a deflationary mechanism where a small percentage of tokens are burned (removed from circulation) with each transaction, intended to maintain scarcity. Additionally, it claims to use a redistribution system that allocates a portion of each transaction to existing token holders. The founders of the Pepe project initially remained anonymous, which is a common characteristic in the cryptocurrency world. The total supply of Pepe tokens is set at 420,690,000,000,000. The project's growth and community engagement are largely driven by social media promotion. Learn more

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