plebPrice

(PLEB)

The ticker PLEB generally refers to two distinct projects in the crypto space. The first is the governance token for Plebbit, a decentralized, serverless social media platform designed to function like a peer-to-peer version of Reddit. The second is PLEBToken, a community-driven memecoin created as a "fortress" for retail investors who seek a community-led project free from influencer manipulation. While they share a name, they serve different roles: one provides utility for a social protocol, while the other focuses on meme culture and community identity.

PLEB tokens are available across several major blockchain networks. Both the Plebbit governance token and the popular PLEBToken memecoin primarily reside on the Ethereum network as ERC-20 tokens. Additionally, versions of the memecoin trade on the Base network, an Ethereum Layer 2. There is also a distinct project named "Pleb the Puddle Jumper" located on the Solana blockchain. Users should always verify the specific contract address to ensure they are interacting with their intended version of the token.

Users can trade PLEB tokens on LBank and various decentralized exchanges (DEXs) across the Ethereum, Base, and Solana ecosystems. While many community-driven tokens begin their journey on decentralized platforms, LBank provides a centralized venue for trading. Because multiple tokens use the same ticker, it is critical for traders to verify the contract address before executing any trades to avoid fraudulent copycat projects that often appear on various trading platforms.

The security features differ between the two main projects. The PLEBToken memecoin has a renounced contract and permanently burnt liquidity to prevent developer interference. In contrast, the Plebbit governance token contract is currently unrenounced to allow developers to implement necessary protocol upgrades during its beta phase. Notably, both projects typically offer a 0% buy and sell tax, meaning users do not lose a portion of their tokens to marketing or developer wallets during transactions.

Utility depends on which version of PLEB you hold. For Plebbit, the token is used for governance, allowing holders to vote on DAO proposals and community grants. It is also used for tipping creators and determining the visibility of communities through upvoting. For the PLEBToken memecoin, the utility is social and cultural; it serves as a collective identity for "plebs" or small-scale investors. The project also sets aside a portion of its supply for future exchange listings and community incentives.

No, Plebbit is not a blockchain. It is a serverless, peer-to-peer protocol that utilizes IPFS (InterPlanetary File System) for data storage. By operating as a protocol rather than a blockchain, Plebbit can offer a scalable and fee-free user experience, avoiding the high gas fees and latency issues that typically affect decentralized social media applications built directly on-chain. This allows for a more seamless, Reddit-like experience while maintaining decentralization.