What Is Pepe?

About Pepe (PEPE)

It’s an Ethereum-based memecoin that utilizes a deflationary mechanism. The coin references the Pepe the Frog meme made by Matt Furie. The project strives to be the leading meme-based asset.

PEPE's fame among crypto enthusiasts is due to its no-tax policy, which allows users to keep more of their earnings. Additionally, the project stimulates long-term staking by rewarding those who hold their coins for an extended period. The roadmap of the project includes 3 phases: 

©Pepe

Here we can see that apart from all the jokes, the PEPE team does have a plan on developing their project. This is an important point for every company trying to pave the way to the crypto market.

Where did Pepe (PEPE) come from?

Pepe Coin was publicly launched in April 2023 and has rapidly gained recognition, ranking among the top 50 traded crypto. The project's founders have chosen to remain anonymous, which is a common practice in the industry. 

Despite limited info about the people who created it, PEPE has gained significant attention by leveraging social media platforms, specifically Twitter, to advertise the memecoin and build a community around it.

What are the advantages of Pepe (PEPE)?

1. Uniqueness
   
   It’s the first coin dedicated to Pepe the Frog. It wants to bring the dog assets down from the pedestal and “make Pepe great again”.  
2. Redistribution
   
   This system allows to reward long-term stakers and motivate people to hold the token for a longer time. 
3. No taxes
   
   Tax-free policy makes the project unique. Due to this move, it’s able to attract loyal followers and expand its customer base.

What are the disadvantages of Pepe (PEPE)?

1. Young concept
   
   PEPE is a young coin which surely needs much more time to evolve. 
2. Another meme-based coin
   
   Memecoins appear every month and create a huge competition on the crypto market. This makes it hard for real good concepts to break through the huge variety of scam or weak projects.

How to buy Pepe (PEPE) on SimpleSwap?

Want to purchase PEPE? SimpleSwap is at your service. Follow the short instruction below:

1. Select the cryptocurrency you would like to exchange (e.g., Bitcoin). Enter the amount you want to swap.
2. Choose PEPE in the second drop-down list (the crypto you would like to receive). You will see the estimated amount that you will get after the exchange.
3. Click the Exchange button.
4. Enter the Recipient's Address. PEPE will be sent there. Please check that you entered the right address.
5. Create the exchange.
6. You will see the BTC deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange. After that, wait for tokens to reach your wallet.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.