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What is the issuance and circulation of PEPE coins?

The initial issuance of Pepe coins on the Counterparty platform in 2015 created a unique form of cryptocurrency associated with the popular Pepe the Frog meme.

Oct 08, 2024 at 12:05 pm

Issuance and Circulation of Pepe Coins

1. Initial Issuance

Pepe coins were initially issued in 2015 on the Counterparty platform.
A total of 20 million coins were created at launch.
Each coin represents a digital trading card featuring the popular Pepe the Frog meme.

2. Distribution

Pepe coins were initially distributed to Counterparty users through airdrops and giveaways.
Users could also purchase coins through exchanges or from other holders.
Early adopters of Pepe coins accumulated substantial holdings.

3. Circulation

Pepe coins gained popularity within the Counterparty community and were used for trading digital art and other collectibles.
The number of active users and transactions involving Pepe coins grew steadily.
As of February 2023, the total circulating supply of Pepe coins is approximately 15 million.

4. Value Fluctuations

The value of Pepe coins has fluctuated significantly over time.
The price reached a peak of over $100 in 2017 but has since declined.
The coin's value is primarily driven by demand from collectors and enthusiasts.

5. Use Cases

Pepe coins are primarily used as digital collectibles.
They are also used as a form of payment in certain online communities.
Some collectors have also created physical trading cards featuring Pepe coins.

6. Unique Features

Pepe coins are considered a unique form of cryptocurrency due to their association with the popular meme.
Unlike other coins, they do not serve as a medium of exchange or store of value.
Their primary value lies in their aesthetic appeal and collectibility.

7. Current Status

Pepe coins remain an active part of the Counterparty ecosystem.
They are traded on specialized exchanges and continue to attract collectors.
The coin's future value is uncertain, but it is likely to retain its niche status as a digital collectible.

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