What Is PumpETH (PETH)?

PumpEth is an automatic rebase token that provides utility to Dapps as well as rewards 4 percent BEP-20 ETH to every holder. Rebase token refers to an asset that automatically adjusts its circulating supply to the price fluctuations. Rebase tokens are similar to stablecoins as they both have price targets. But, unlike stablecoins, rebase tokens have an elastic supply, thus, circulating supply adjusts as per the supply and demand and does not change the token’s value in the user’s wallet.

The platform’s whitepaper mentions operating on the rebase mechanism – decreasing the token’s supply and increasing the price so that the chart always shows an upward trend. This means that the number of tokens may reduce, but their value can remain the same.

The platform also aims to launch a mobile application that the users can download on their android or iPhone device.

PETH is the ecosystem’s native digital token. As per the token’s tokenomics, out of the total supply, 6% is for marketing, 4% is for the team, 20% is burned, 40% is for presale, and 30% is for the pancake liquidity pool. Further, the tax structure is divided as – 4% as BEP20 Ethereum, 4% on marketing, 3% on liquidity, and 2% is the ecosystem’s fee. 

To get BEP20 Ethereum rewards, users need to hold PETH in their wallets. And rewards are automatically distributed based on the token holdings and daily volume. Trading the PETH token attracts a loss as the users do not receive ETH rewards for the next twelve hours.  

History of PumpETH (PETH)

The platform’s whitepaper was released on November 18, 2021. The maximum supply of the token is 1,000,000,000,000,000.