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.