What is PEPE?

Question

What is PEPE?

Accepted Answer

## TLDR
Pepe (PEPE) is an Ethereum token built around internet meme culture, with its identity centered more on community and trading than on a practical product.

1. It is inspired by the Pepe the Frog meme and launched in 2023.
2. PEPE follows Ethereum’s ERC 20 token standard; it has limited built in utility.

## Deep Dive
### 1. Purpose and identity
PEPE is a *meme coin*: a cryptocurrency whose appeal is mainly linked to an internet meme and its community. It is not a share in a company or a token for a known service. Its relevance depends largely on continued cultural attention and community interest. [CoinMarketCap](https://coinmarketcap.com/currencies/pepe/)

### 2. How it works
PEPE is an ERC 20 token, meaning it uses a common Ethereum format for creating and transferring tokens. Ethereum’s Proof of Stake network processes and secures its transactions. PEPE does not have a separate blockchain, and its core function is transferring and trading the token rather than powering a broader application. [CoinMarketCap](https://coinmarketcap.com/currencies/pepe/)

## Conclusion
PEPE is fundamentally a meme based token on Ethereum, valued for its cultural identity rather than a defined product or extensive utility. How well can its community keep that identity relevant over time?

What is Pepe (PEPE)?

Deep Dive

1. Purpose and identity

2. How it works

Conclusion

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