Pepe (PEPE) is a deflationary meme coin that operates on the Ethereum blockchain. It was developed as a tribute to the Pepe the Frog internet meme, which gained popularity in the early 2000s. The project aims to leverage the popularity of meme coins and position itself as a notable meme-based digital asset. PEPE distinguishes itself by instituting a no-tax policy and being transparent about its lack of utility, keeping things simple as a meme coin. The project's dedication to honoring the character of Pepe the Frog, a character with a longstanding and controversial history, sets it apart from other digital assets.

PEPE operates on the Ethereum blockchain as an ERC-20 token. It employs a redistribution system that rewards long-term stakers, providing them with benefits to remain committed to the project. This approach aims to encourage 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 strives to maintain scarcity despite the coin's maximum supply. The Ethereum blockchain supports PEPE through the Proof-of-Stake (PoS) consensus mechanism, where decentralized validators stake 32 ETH to process transactions and support the network.

As a meme coin, PEPE's primary use case is as a digital asset that can be acquired, held, and exchanged. It strives to appeal to the cryptocurrency community by keeping things pure and simple as a meme coin. The project's no-tax policy and transparency about its lack of utility are part of its appeal. Additionally, PEPE employs a redistribution system that rewards long-term stakers, providing them with benefits to remain committed to the project. This system aims to encourage coin stability and could potentially attract users interested in holding the token for longer periods.

The PEPE digital asset was launched as a tribute to the Pepe the Frog internet meme, which gained popularity in the early 2000s. The project aimed to leverage the popularity of meme coins and position itself as a notable meme-based digital asset. PEPE experienced a significant increase in its market cap, which reached a high point, attracting a strong community of like-minded followers. The founders of PEPE remain anonymous, which is not uncommon in the digital asset world. Despite the scarcity of information about the team behind the project, they have successfully garnered attention and fostered a community around the meme coin.