PEPE is a popular meme coin built on the Ethereum blockchain. Shortly after its release in April 2023, PEPE quickly became one of the most actively traded cryptocurrencies.
Kalkulator Pepe ke Rupiah (PEPE to IDR)
Konversi Harga Pepe hari ini ke dalam Rupiah sebaliknya.
Key stats
Market Capitalization
IDR 139.914.946.692.782
Trading volume 24H
IDR 109.322.399.922.078
Volume / Market Cap
78,13489731166639273852 %
Fully Diluted Valuation
IDR 139.914.946.692.782
All time high
IDR 0
Circulating supply
PEPE 420.690.000.000.000
Max supply
PEPE 420.690.000.000.000
Total supply
PEPE 420.690.000.000.000
About PEPE
Pepe (PEPE) is a deflationary meme coin created to pay tribute to the popular internet meme, Pepe the Frog. The project operates on the Ethereum blockchain, aiming to capitalize on the popularity of meme coins and transform it into a significant meme-based digital asset.
PEPE distinguishes itself by implementing a tax-free policy and transparently acknowledging its lack of utility, remaining true to the simplicity characteristic of meme coins.
PEPE Working Mechanism
PEPE is an ERC-20 token operating on the Ethereum blockchain with a maximum supply of 420,690,000,000 tokens. At launch, 93.1% of the total project tokens were in the liquidity pool, while the remaining 6.9% was allocated to a multi-signature wallet for future use.
Originally designed to employ a deflationary mechanism, PEPE burns a small portion of tokens with each transaction. This strategy aims to create scarcity and is expected to enhance the value of the remaining tokens over time.
PEPE incorporates a redistribution system that rewards long-term holders, incentivizing them to remain committed to the project. The goal of this approach is to boost coin stability by compensating those who hold onto the tokens rather than selling them hastily.
Uniqueness of PEPE
PEPE stands out from other meme coins due to its redistribution system that supports long-term holders. Additionally, the PEPE burning mechanism helps maintain security by periodically removing a portion of coins from circulation.
Another unique feature is its tax-free policy, as stated on the official website. This policy is uncommon in the crypto world, adding to the uniqueness of the PEPE coin. The project has garnered significant user interest by eliminating transaction fees, further enhancing its appeal.
Advantages and Disadvantages of PEPE
PEPE offers a range of advantages that make it unique among other meme coins. One of its strengths lies in being based on a widely popular meme, providing significant potential exposure and adoption for PEPE. Additionally, PEPE boasts a strong community of supporters capable of promoting and boosting the coin’s value.
Another advantage is that PEPE is a decentralized cryptocurrency, meaning it is not subject to government control. This characteristic makes PEPE a potentially safer investment compared to centralized cryptocurrencies, which are susceptible to government interference.
However, PEPE also comes with its share of disadvantages. Apart from the inherent volatility that poses a risk of financial loss for investors, PEPE is vulnerable to pump and dump schemes that can lead to unstable price fluctuations.
Meanwhile, uncertainties surrounding the future of PEPE are on the rise, with the possibility of a decline in the popularity of the meme potentially impacting the overall value of PEPE.
Therefore, investors need to carefully consider and closely monitor market developments before making investment decisions related to PEPE
Features of PEPE
As a meme coin, PEPE’s primary use is as a digital asset that can be acquired, stored, and exchanged. Furthermore, PEPE employs a redistribution system that incentivizes long-term holders to remain committed to the project by providing rewards. The goal of this system is to enhance coin stability, attracting users to hold onto the tokens for an extended period.”
History and Development of PEPE
The digital asset PEPE was released as a tribute to Pepe the Frog, a popular internet meme from the early 2000s. The project’s aim was to capitalize on the popularity of meme coins and transform it into a significant meme-based digital asset.
PEPE experienced a substantial increase in its market capitalization, reaching its peak and garnering attention from a strong community of aligned followers. The founders of PEPE remain anonymous, a not uncommon occurrence in the world of digital assets.
Despite limited information about the team behind the project, they successfully captured people’s attention and built a community around the meme coin
How to Buy PEPE
Interested in purchasing this particular crypto asset? You can buy PEPE by following these steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying crypto through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the Crypto menu, search and select PEPE.
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the crypto asset, be sure to conduct research and analysis first. You can do this by checking the crypto asset profile, industry conditions, monitoring price movement trends, and observing its liquidity and trading volume. Performing this analysis is crucial so you can formulate an accurate investment strategy and minimize losses.
Is it Safe to Buy PEPE on Nanovest?
Absolutely. Nanovest is supported by a number of professional partners with a strong reputation for providing quality services. One of these includes the technology backing of the S-Quantum Engine by Sinarmas Financial Services.
For global and US stocks, Nanovest collaborates with brokers registered with the Financial Industry Regulatory Authority (FINRA) in the United States – which ensures Nanovest users’ broker accounts up to US$500k by the Securities Investor Protection Corporation (SIPC) in the United States.
As for crypto assets, Nanovest is an Indonesian crypto exchange registered with the Commodity Futures Trading Regulatory Agency (Bappebti). The Nanovest platform itself is also insured through a partnership with Sinarmas Insurance.
Disclaimer
All content on this website is for informational purposes and doesn’t constitute a recommendation to buy/sell any stock or crypto. Investors should understand the nature of stocks and digital assets, including return and risk requirements of the assets. We encourage investors to fully understand the assets and risks before making any investment. Always do your own research.
See More Crypto Assets
News & Articles
