We are very excited to share that Pepe Coin (PEPE), is now listed on Coinhako.
What is PEPE?
Pepe Coin, a cryptocurrency based on the Ethereum blockchain, has experienced a significant surge in popularity since its introduction in April 2023. Currently boasting a market capitalization exceeding $5 billion, Pepe Coin is an homage to the well-known Pepe the Frog meme within the crypto community. However, it's not merely an entertaining nod to a popular meme; Pepe Coin possesses distinctive features that have fueled its remarkable expansion and solidified its position within the meme coin sector.
The mysterious founders of Pepe Coin introduced a digital asset with an immense total token supply of 420,690,000,000,000.
How does PEPE work?
The features of Pepe Coin include a deflationary mechanism and a redistribution system
Pepe Coin’s deflationary mechanism involves burning tokens and distributing rewards to holders, gradually increasing its value. Each transaction results in a small percentage of tokens being burned, effectively reducing their circulation. This burning process helps to uphold the scarcity of Pepe Coin and enhances its attractiveness to investors.
In addition, there is also a redistribution system that directs 1% of every transaction towards a pool distributed among all holders hourly. This reward system promotes long-term holding and provides an additional incentive for investors to contribute to the expansion of Pepe Coin.
Why does PEPE stand out from other coins?
The Pepe Coin community is experiencing rapid growth thanks to its strong social media presence and forward-thinking roadmap. As awareness of Pepe Coin and its distinctive qualities spreads, the community expands, drawing in new supporters.
There is also a significant following on popular platforms like Twitter and Telegram — during its launch, PEPE amassed an impressive 290,000 followers in just a few days. The official Telegram group of Pepe Coin boasts over 25,000 members, with active participation across social media channels including Reddit, Telegram, and Discord.
The project's roadmap outlines upcoming initiatives such as the Pepe Academy and merchandise promotion, with the goal of expanding the Pepe Coin ecosystem. The Pepe Academy is set to offer educational resources on meme culture and cryptocurrency, aiming to engage the community and enhance Pepe Coin's brand presence within the memecoin industry.
Alongside the academy, there are plans for merchandise promotion to raise awareness and generate excitement around Pepe Coin. These strategic moves are crucial in establishing Pepe Coin as a prominent player in the memecoin sector as its ecosystem grows and evolves.
What is a Memecoin?
A memecoin is a type of cryptocurrency that is inspired by or based on internet memes, popular culture references, or jokes. Memecoins often have playful or humorous branding and marketing strategies, leveraging the viral nature of memes to attract attention and build a community of supporters. These coins may also serve as a form of digital collectibles, with unique designs or themes that appeal to meme enthusiasts.
Some examples of popular memecoins that are already on Coinhako include:
1. Dogecoin (DOGE): Originally started as a joke based on the popular "Doge" meme featuring a Shiba Inu dog, Dogecoin has gained a strong following and community support over the years.
2. Shiba Inu (SHIB): Inspired by Dogecoin, Shiba Inu is another meme-based cryptocurrency that features the same breed of dog in its branding and marketing.
What can you do with PEPE on Coinhako?
PEPE will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment methods)
2. Purchase PEPE instantly with Visa / Mastercard
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.
