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About Pepe Cash
What Is Pepe Cash (PEPECASH)?
The year 2021 surprised the crypto community with a sharp increase in meme coins. With multiple DOGE copycats springing up in recent years, it’s no surprise that other meme coin projects wanted to join in. The Pepe Cash project was no exception, borrowing its likeness from the insanely popular meme, Pepe The Frog.
Pepe began its journey as a meme in 2005, first appearing in an online comic series by Matt Furie. Over the decades, and many new additions, Pepe the Frog has become one of the most recognizable memes on the internet. In 2016, during the election campaign in the United States, the meme circulated rapidly online. In that same year, Pepe the Frog appeared on the blockchain platform and emerged into a full-fledged cryptocurrency known as PEPECASH.
The global goal of Pepe Cash is to transfer meme-level assets into the cryptocurrency space. Utilizing blockchain technology, the founders of PEPECASH hope to improve and monetize so-called memes and digital art. Thus, Pepe Cash (PEPECASH) is a cryptocurrency for art lovers, invented for profit and just for fun. Rare Pepe cards are assets that have been developed using the Counterparty blockchain, and are stored on the Bitcoin blockchain inside BTC transactions. Users can buy and exchange digital artwork via the Pepe Cash platform.
Who Are the Founders of Pepe Cash?
It's rare for creators of meme-coins to present themselves openly and voice names of team members. In the case of Pepe Cash, the situation is no different: the developers work anonymously, but they actively maintain their Telegram channel.
The target audience of the project are collectors, artists and, naturally, investors. The currency doesn't have a clear business strategy. Instead, the project develops chaotically and grows on its own. Surprisingly, such a frivolous concept can pay off.
The Pepe Cash platform hosts weekly auctions, and users can easily find their first collectible wallet on the website.
What Makes Pepe Cash Unique?
Pepe Cash (PEPECASH) is built on the Bitcoin blockchain and works similarly. With the advent of the Pepe Cash meme coin, owners of rare Pepes can trade them for PEPECASH.
Artworks are created on Counterparty, and each Pepe has a digital blockchain token, which opens up an opportunity for exchange. Acquired Pepe Cash is a unique blockchain asset that is recorded on Bitcoin's ledger and stored on the blockchain in the form of transactions, with transaction hashes verifying authenticity.
The Pepe Cash platform is a decentralized storage of Pepe the Frog memes and illustrations. Any picture can be assigned a timestamp of authorship. Rare Pepe Directory has a formal application process-- all it takes is 200 PEPECASH and an original creation.
The Bitcoin system guarantees the value of PEPECASH, which reduces the risk of investment loss. Furthermore, there also exists the Rare Pepe Foundation. The task of the organization is to estimate the cost of a meme, which directly depends on its rarity.
Over the past two years, the price of Pepe Cash has jumped significantly, but the main direction of the project has remained unchanged - PEPECASH is purely for fun and entertainment.
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How Many Pepe Cash (PEPECASH) Coins Are There in Circulation?
Pepe Cash (PEPECASH) is the currency of the Pepesphere, which is powered by the Counterparty blockchain. As of October 2021, about 700 million $PEPECASH in circulation; the currency is applied to purchase certificates with which users can obtain digital artworks.
The official website says that each week Pepe Cash sacrifices half or the earnings from submissions "to Kek for good luck", which makes PepeCash deflationary.
The Pepesphere is an abstract concept where the tokenized Pepes are traded, therefore, users can sell or buy rare Pepes on the site with PEPECASH.
You can gain Pepe Cash for free by submitting your own version of the meme starring Pepe the Frog. An artist decides how many copies there will be and places the certificates on the platform for sale. All memes are moderated; the system makes a note about authorship and rare Pepe art gets appraised at a higher price.
On the Japanese market, the prices for Pepe art are higher than on the American market, and in Venezuela, the adoption of PEPECASH is much wider -- at the state level.
How Is the Pepe Cash Network Secured?
Encryption is carried out on the client side. Any personal information and passphrases remain in the user's browser, as well as transaction data which is collected in the client's browser and later sent to the Bitcoin network.
Pepe Cash (PEPECASH) and Pepe artworks can be safely stored in the Rare Pepe Wallet.
Where Can You Buy Pepe Cash (PEPECASH)?
PEPECASH can’t be bought directly with fiat, but you can purchase BTC first and then trade it for PEPECASH on crypto exchanges. As of October 2021, Pepe Cash is listed on Dex-Trade - a centralized crypto exchange based in the United Kingdom.
Curious about the crypto space? Check out CoinMarketCap's educational resource - Alexandria.
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