I will explain it step by step so that even beginners in cryptocurrency can easily understand, so I hope you read it comfortably. Shall we start with a cup of coffee? ☕
What is Pepe (PEPE) Coin?
Pepe Coin is a meme coin inspired by the character 'Pepe the Frog', an icon of Internet meme culture. This coin, which appeared in 2023, started out simply for fun, but surprisingly, it has garnered hot attention from the global cryptocurrency community.
Just because it's a meme coin doesn't mean it can be taken lightly. Looking at cases like Dogecoin (DOGE) and Shiba Inu (SHIB) that grew through the power of the community, we can see how great the power of memes is. Many people think that Pepe Coin also has such potential.
The interesting history of the Pepe character
Our main character Pepe the Frog was created in 2005 by American cartoonist Matt Furie. At first, he was just a normal(?) frog character appearing in a webcomic called ""Boy's Club.""
However, over time, Pepe has become a symbol of internet culture. Numerous modified Pepe images were created on various platforms such as 4chan, Reddit, and Twitter, and various versions such as ""Feels Good Man"", ""Sad Pepe"", and ""Rare Pepe"" were born.
Around 2016, rare Pepe images began to be traded in real life, and with the NFT boom in 2021, Pepe-related digital art was also traded at high prices. Given this background, the emergence of the Pepe coin was natural.
Technical Features and Operating Principles of the Pepe Coin
The Pepe coin is an ERC-20 token that operates on the Ethereum blockchain. What this means is that it is a digital currency that runs on a large computer network called Ethereum.
The core of blockchain technology is 'transparency' and 'security'. All transaction history is recorded publicly, and once recorded, it is difficult to change the information. It is like writing transaction history on a public ledger for everyone to see.
- Total Supply: 420,690,000,000,000 PEPE (420 trillion 600 billion)
- Token Type: ERC-20 (Ethereum-based)
- No Fees: No separate taxes when buying/selling
- Liquidity Burn: Initial liquidity is burned for greater security
- Contract Abandonment: The development team gives up ownership of the contract, making it impossible to manipulate
Where can I use Pepe Coin?
Currently, the main uses of Pepe Coin are investment and collection. However, it is increasingly being used for various purposes.
First, the use of Pepe Coin in NFT transactions is increasing. In particular, it is becoming a trend to pay with Pepe Coin when purchasing Pepe-related digital art or meme NFTs.
Second, some online stores have started accepting it as a means of payment. Although it is not yet widespread, some stores that support cryptocurrency payments are accepting Pepe Coin.
Third, it is also used for community activities and donations. In the Pepe community, a culture of donating Pepe Coins to charity or community projects is often forming.
Major exchanges where Pepe Coins can be traded
Which exchange should I use if I want to buy or sell Pepe Coins? Fortunately, many major exchanges support Pepe Coin.
Overseas exchanges:
Binance is the world's largest cryptocurrency exchange, and Pepe Coin has the largest trading volume. It has low fees and high liquidity, so many traders prefer it.
Coinbase is a large US-based exchange that provides an interface that is easy for beginners to use. It also has excellent security, so you can trade safely.
Domestic exchanges:
Upbit is the largest exchange in Korea, and it is convenient because you can buy Pepe Coin directly with Korean Won. It can also be traded on Bithumb and Coinone.
Active Pepe Community World
One of the biggest attractions of Pepe Coin is its active community. Pepe fans from all over the world gather to share information, create memes, and have fun together.
Twitter (X): This is where the latest Pepe-related news and memes spread the fastest. Search with the hashtag #PEPE to see a variety of content coming up in real time.
Reddit: The r/pepecoin subreddit is where more in-depth discussions and analysis take place. A variety of content is shared, from investment strategies to funny memes.
Discord: You can communicate with other Pepe holders through real-time chat. From real-time reactions to price fluctuations to new news, it's fast-paced.
Telegram: Korean Pepe communities are also active, so you can exchange information in Korean.
Choosing a Wallet to Safely Store Pepe Coins
Once you've purchased Pepe coins, it's important to store them safely. It's safer to store them in a personal wallet than to just leave them on an exchange.
MetaMask: This is the most popular Ethereum-based wallet. It can be used as a browser extension or mobile app, and it's relatively easy to use. Of course, Pepe Coin is also supported.
Trust Wallet: A mobile wallet developed by Binance that can be conveniently used on smartphones. It supports various cryptocurrencies and has excellent security.
Ledger / Trezor: A hardware wallet that allows you to store coins offline, making it the safest. However, it is a bit expensive and may take time to learn how to use it.
- Never store your seed phrase (recovery phrase) online
- Update your wallet regularly
- Do not connect your wallet to suspicious links or dApps
- Consider storing large amounts in a hardware wallet
Things to know when investing in Pepe Coin
If you are considering investing in Pepe Coin, there are a few important things you should know.
Meme Coins are much more volatile than regular cryptocurrencies. They often go up or down by more than 50% in a day. Don't react emotionally and approach calmly.
Set investment amount: Invest only with ""money that you can afford to lose."" Never invest in living expenses or emergency funds. It is recommended to limit it to 5-10% of your total portfolio.
Beware of FOMO (Fear of Missing Out): Don't invest recklessly when the price surges thinking, ""I'm the only one left behind."" There are always opportunities in the market.
Check information: When you hear news about Pepe Coin, always check it through official channels or reliable sources. Don't be swayed by fake news or rumors.
Diversify your investment: Don't go all-in on Pepe Coin, but diversify your investment to other cryptocurrencies or assets. The old saying, “don’t put all your eggs in one basket,” applies to investing as well.
Future Outlook for Pepe Coin
What does the future hold for Pepe Coin? It’s impossible to make an exact prediction, but here are some things to consider.
The success of meme coins shows how important the power of the community is. Just as Dogecoin grew rapidly with the support of Elon Musk, Pepe Coin also has a strong community and cultural influence.
There is also a possibility that the Pepe character will be utilized in new fields such as the NFT market or the metaverse. Pepe-related NFTs are already being traded at high prices, and projects utilizing Pepe are appearing in games and virtual reality content.
But at the same time, there are risks. Meme coins are sensitive to trends, and their value can drop sharply if interest wanes. They can also be affected by regulatory changes or overall market downturns.
In conclusion 🐸
Thank you for joining us on our long journey with Pepe Coin! The world of meme coins is really interesting and dynamic, but at the same time, it is an area that requires caution.
Whether it is an investment or just interest, please always do enough research and make careful decisions. If you become a part of the Pepe community, let's create a fun and healthy culture together!
If you have any questions, please leave a comment at any time. We will come back with more useful information! 🚀