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PepeGains: Unveiling Characteristics of Prominent Memecoin

Tue, 07/18/2023 - 10:23
PepeGains: Unveiling Characteristics of Prominent Memecoin
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The memecoin wave, most recently energized by the Ethereum network, has seen the birth of a variety of new projects, such as Pepe, Pepe 2.0, Shib2.0, Doge2.0, and Btc2.0. Among these, the one making noticeable waves in the market is PepeGains.

Distinguishing itself from the crowd, PepeGains carries a distinct hyper-deflationary characteristic. In contrast to numerous other ventures, PepeGains features a unique burning mechanism that eradicates 2% of tokens from every sale transaction. This particular aspect has already resulted in the burning of more than 15 million tokens within just five days of its debut, from a total supply of 400 million.

A substantial number of projects miss out on incorporating a burn mechanism into their tokenomics, which can potentially cause inflation and unnecessary dumping. However, PepeGains differentiates itself with its hyper-deflationary setup that burns 2% off every selling transaction. Since its initiation, over 15 million tokens have already been burned from the total 400 million circulating tokens.

Thus far, PepeGains has demonstrated a stable trajectory, maintaining a sideways movement, and achieving a peak price of $0.009 on July 15. This asset could potentially be a suitable addition to a portfolio seeking exposure to volatility.

The original Pepe project attained a nearly $900 million market cap. Meanwhile, PepeGains has already reached a close to $3 million market cap and is witnessing significant trading volume and liquidity on the Uniswap platform. As always, it's crucial to remember that investing should be accompanied by diligent consideration and thorough analysis before any financial commitment is made.


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