We’d suggest opting for a browser extension, as the Sponge V2 investment process is a lot more seamless. In Uniswap, enter the $PEPE token address, choose Pepe, and press Confirm. Then, in order to exchange for $PEPE, you must have ETH in your wallet. You can buy ETH directly through MetaMask, transfer it from another wallet, or buy it on another exchange and have it sent to your wallet if you don’t already have any.
Unlike the original Sponge, V2 is developing a fun play-to-earn game for token holders. Players will then earn additional $SPONGEV2 tokens as they progress through the game. The idea is simple; hype leads to FOMO, which results in significant upside potential.
- It perfectly encapsulates the spirit of the internet, while demonstrating the wide-ranging applicability of digital expressions, from the field of entertainment to that of commerce.
- It surpassed its $1 billion market capitalization in a very short span of just 20 days.
- In just a couple of weeks, the PEPE memecoin has made its way into the top 100 cryptocurrencies based on its market cap.
- “The remaining 6.9% of the supply is being held…only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools.
- The PEPE memecoin is also worth mentioning, as its rise to fame is somewhat unprecedented even by the memecoin standards.
If you want to buy $PEPE, you’ll need to get online and join Uniswap. Go to app.uniswap.org in the browser of your choice, whether that’s the MetaMask app or Google Chrome. In early April, the Twitter account @pepecoineth posted a photo of a cartoonish green frog wearing a red cap emblazoned with “Make Memecoins Great Again,” referring to Donald Trump’s presidential slogan.
What’s the best PEPE wallet?
MetaMask, as well as other wallets, are available for free on both the iOS and Android app stores. If you’re using a PC, head to metamask.io to add the Chrome extension. Other usable mobile wallets include Coinbase Wallet and the most recent iteration of Uniswap for iOS and Android. If there’s one meme that encapsulates the confusing twists and turns of internet culture, it’s a green frog with a preternaturally expressive face. 93.1% of the supply has been sent to the liquidity pool, the LP tokens were burnt, and the contract itself was renounced.
- This scarcity can help drive up the coin’s value, making it more appealing to potential investors.
- The remaining tokens are reportedly held by the creator(s) of the Pepe crypto project, in a multi-signature crypto wallet.
- Pepe, being based on a viral online joke, is, nonetheless, a highly risky venture because it lacks a tried-and-true business model.
- PEPE coin is just like another meme coin which does not hold any fundamental and intrinsic value and has no utility.
Pepe coin is a cryptocurrency based on the Pepe the Frog meme, harnessing the power of the internet as a whole to give its customers a unique and entertaining digital currency. This comprehensive tutorial will explain where Pepe Coin came from, how it is related to the viral Pepe meme, and why it is relevant in the current cryptocurrency market. Pepe, the latest viral Internet meme, has caused quite a stir in the cryptocurrency market. One early investment turned $250 into $1.14 million in just four days after the launch of Pepe currency, making headlines and driving the coin’s price up more than 250% in the last 24 hours.
What is Pepe Coin (PEPE)?
Learn about its role in the decentralized finance market and how it powers liquidity provision. PEPE stands out from other cryptocurrencies because of its no-tax policy. Unlike other cryptos, it doesn’t charge users any transaction fees, making it a more affordable and convenient option for investors and traders. In hindsight, the collision between the crypto industry and memes almost seems inevitable. If not, you can buy Ethereum or Tether from any reputable exchange.
What is Pepe Coin?
After confirming the investment, the coins will be deducted from MetaMask via a smart contract. The coins are used to buy Sponge V1, which https://coinbreakingnews.info/blog/crypto-the-dog-krypto-the-superdog-tv-series-2005/ are then locked into a staking pool indefinitely. You’ll need some cryptocurrencies in your MetaMask wallet before buying Sponge V2.
Who created Pepe (PEPE)?
Moreover, PEPE is a fairly new project with almost negligible price history for reference, therefore it might be risky to put your hard money into it. Still, if anyone really wishes to invest in crypto coins then it is better to go for mainstream coins such as Bitcoin and Ethereum, which should only constitute 5% of your total financial portfolio. Dogecoin, created in late 2013 by https://crypto-trading.info/bitcoin-faucet-monitoring-site/ developers Billy Markus and Jackson Palmer, was arguably the first memecoin to land on the market. They said they made it as a joke, with its name a reference the popular “doge” meme, or an image of a Shiba Inu, a particular breed of dog. As opposed to Bitcoin, a replacement for currency, or Ethereum, a decentralized computing platform, Dogecoin unapologetically had no purpose.
Pepe Cryptocurrency’s Significance and Impact on the Meme Economy
The balance will be allocated to staking income, CEX liquidity, marketing, game development, and play-to-earn rewards. Sponge V2 operates on the Ethereum blockchain, meaning it can be stored in the best ERC-20 wallets. The Sponge team has proven its ability to secure large-scale exchange listings. While https://currency-trading.org/education/online-brokerage-operations-course/ the project is just six months old, Sponge V1 is listed on some of the best crypto exchanges. Ultimately, the expertise of the Sponge V1 team is vital for the next chapter. To invest in Pepe Coin, one can use platforms like Uniswap or Bybit to swap ETH or other cryptocurrencies for $PEPE tokens.
Of course, before putting your money into anything, you should do your homework and weigh the potential consequences. Meme coins’ value and popularity fluctuate wildly with market conditions and online chatter. Meme coins like Dogecoin and Shiba Inu are similar, however Shiba Inu has its own unique features, such as the burn mechanism and ShibaSwap.
Just like the name suggests, a memecoin is a cryptocurrency that originated from a meme. Memecoins typically use easily recognizable symbols, figures, and images, like Doge –– or Pepe the frog. The better the chosen symbol, the higher the project’s chances of success. This suggests that while it may seem like PEPE is going “up only,” it could just as quickly lose all of its current value. Remember, the creators themselves said that it has absolutely no intrinsic value, so it’s essentially worth only as much as someone is willing to pay for it. And while this is true for a lot of things, and the concept of value itself is a social construct, the risks are particularly amplified with freshly-minted memecoins that came out of nowhere.
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