how many pepe coin in circulation

As of January 2023, the estimated circulation supply of PEPE Coin stands at approximately 448 trillion, with a dynamic and continuously changing total supply influenced by trading and minting processes.

Oct 22, 2024 at 04:48 pm

How Many PEPE Coin in Circulation?

1. PEPE Coin Overview
PEPE Coin is a meme token inspired by the popular Pepe the Frog character. It runs on the Binance Smart Chain and has gained attention due to its association with cryptocurrency enthusiasts and the gaming community.

2. Circulation Supply
As of January 2023, the total circulation supply of PEPE Coin is estimated to be around 448 trillion coins. This figure is dynamic and continuously changes as the coin is traded and new tokens are added to the supply through minting processes.

3. Initial Distribution
Initially, 500 trillion PEPE Coins were created and distributed as follows:

• 49% reserved for the community
• 30% allocated for marketing and development
• 20% held by the team and contributors
• 1% allocated for airdrops and giveaways

4. Inflation and Burn Mechanisms
PEPE Coin has deflationary characteristics aimed at reducing the circulating supply over time. It utilizes the following mechanisms:

• Burning: A certain percentage of transaction fees is burned, permanently removing PEPE Coins from circulation.
• Staking and Rewards: Users can stake their PEPE Coins to earn rewards, including new PEPE Coins. However, newly minted rewards are subject to a balancing mechanism that adjusts the inflation rate.

5. Tokenomics
PEPE Coin has the following tokenomics:

• Ticker: PEPE
• Blockchain: Binance Smart Chain (BSC)
• Initial Supply: 500 trillion
• Circulation Supply: Approximately 448 trillion (January 2023)
• Max Supply: Uncapped

Conclusion
The circulation supply of PEPE Coin is an important aspect of its tokenomics. The current supply is estimated to be around 448 trillion coins, with the total supply uncapped. Through deflationary mechanisms like burning and staking, PEPE Coin aims to reduce its circulating supply over time, potentially increasing its value.