Stake PEPE

1. What Is PEPE?

PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy and being up-front about its lack of utility, keeping things pure and simple as a memecoin. In late April to May 2023, the explosive surge of PEPE caused its market cap to reach a high of $1.6 billion at one point, minting millionaires out of early holders and attracting a strong community of like-minded followers. It has induced what some may dub a "memecoin season," causing other memecoins — some launched within hours — to go on spectacular pumps and just as astounding dumps. It remains to be seen if PEPE and other memecoins will go on to new highs, although that is certainly the hope of many believers waiting for the coming BTC halving cycle praying for a Bull Run. The PEPE roadmap features three phases, where phase one includes listing on CoinMarketCap, and getting $PEPE trending on Twitter, while phase two includes listing on centralized exchanges (CEXs) and phase three includes “tier 1” exchange listings and what the team terms a “meme takeover.”

2. Who Are the Founders of Pepe?

As of now, the founders of PEPE remain anonymous, which is not uncommon in the cryptocurrency world. Although information about the team behind the project is scarce, they have successfully garnered attention using social media platforms such as Twitter to promote their meme coin and foster a community around the memecoin.

3. What Makes PEPE Unique?

PEPE presents a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history. The project's dedication to honoring this character distinguishes it from other cryptocurrencies and strengthens its appeal within the crypto community.

4. How Many PEPE Coins Are There in Circulation?

PEPE employs a redistribution system that rewards long-term stakers, offering them incentives to remain committed to the project. This approach encourages coin stability by rewarding users for holding the token rather than selling it quickly. Additionally, PEPE features a burning mechanism whereby a portion of the coins are permanently removed from circulation on a regular basis. This aims to maintain scarcity despite the coin's 420,690,000,000,000 maximum supply. Of the maximum supply, 93.1% were sent to the liquidity pool on Uniswap, where LP tokens were burnt, and the deployer contract was sent to a null address. The remaining 6.9% is held in a multi-sig wallet, for future CEX listings, bridges and liquidity pools. Users can track the PEPE/WETH pair on CMC DexScan.

5. How Is PEPE Secured?

PEPE is an ERC-20 token on the Ethereum blockchain, which is secured by the Proof-of-Stake (PoS) consensus mechanism. Decentralized validators stake 32 ETH to process transactions and secure the network.

6. Where Can You Buy PEPE?

PEPE can be traded on Uniswap (V2), Uniswap (V3), Binance, KuCoin, Huobi, Gate.io, MEXC and more. Want to keep track of PEPE prices in real-time? Download the CMC mobile app to get live price updates.

7. Related Pages:

Check out Dogecoin — the pioneering dog-themed memecoin. Find out more about Shiba Inu — another highly popular memecoin. Learn more about Uniswap — the decentralized exchange that PEPE is trading on. Refresh your knowledge on what memecoins are with CMC Glossary. Check out the funniest memecoin names with CMC Alexandria.

8. What is Blockchain?

Blockchain is a decentralized and distributed ledger technology that securely records transactions across multiple computers in a verifiable and permanent way. It forms the underlying technology for cryptocurrencies like Bitcoin and enables transparency, security, and immutability.

9. What is Cryptocurrency?

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks, typically based on blockchain technology, and facilitates secure and transparent peer-to-peer transactions.

10. What is Bitcoin?

Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a decentralized peer-to-peer network and is used for secure, transparent, and censorship-resistant transactions.

11. What is the difference between Bitcoin and Altcoins?

Bitcoin is the original and most widely recognized cryptocurrency, while altcoins refer to any other cryptocurrencies besides Bitcoin. Examples of altcoins include Ethereum, Ripple (XRP), Litecoin (LTC), and many others.

12. What is Staking?

Staking involves participants locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network. It is commonly associated with proof-of-stake (PoS) and delegated proof-of-stake (DPoS) consensus mechanisms, where participants receive rewards for helping secure the network.

13. How Can I Stake Cryptocurrency?

To stake cryptocurrency, you typically need to choose a platform or network that supports staking. Transfer your tokens to a compatible wallet, follow the staking instructions provided by the platform, and lock up the desired amount of cryptocurrency. Once staked, you may start earning rewards.

14. What Are Staking Rewards and How Are They Calculated?

Staking rewards are incentives provided to participants who lock up their cryptocurrency to support the network. The amount of rewards varies and is influenced by factors such as the network's inflation rate, the total amount staked, and the specific rules of the staking protocol.

15. Can I Unstake My Cryptocurrency at Any Time?

The ability to unstake and withdraw your cryptocurrency depends on the specific staking protocol and network. Some platforms may have lock-up periods or unbonding periods during which your staked tokens are inaccessible. Always check the terms and conditions of the staking service.

16. What are the Risks of Staking?

Staking comes with risks, including the potential loss of staked funds if a participant behaves maliciously or fails to fulfill their responsibilities. Market volatility can also impact the value of staked tokens. It's crucial to thoroughly research the staking protocol and understand the associated risks.

17. Can I Lose Money by Staking?

While staking is designed to be a rewarding activity, there is a risk of losing money, especially if the value of the staked cryptocurrency decreases or if the staking protocol encounters security issues. It's important to consider both the potential rewards and risks before participating in staking.