Memetic/PepeCoin is an open-source peer-to-peer cryptocurrency, usually shortened as its ticker name MEME.
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What Is Memetic / PepeCoin?
Memetic / PepeCoin coin is an open-source peer-to-peer cryptocurrency, usually shortened as its ticker name MEME. It belongs to the subdivision of memecoins, which are based on funny viral images on the Internet. Some notorious examples of such coins include Dogecoin. In this coin’s case, it is based on Pepe the Frog – an anthropomorphic character, first used in a 2005 comic. The coin was launched in March of 2016 and was renamed from PEPE, and nowadays the two of its names are used interchangeably. Memetic / PepeCoin can be obtained via mining or exchanged for BTC. The last halving of the coin happened on Dec 13, 2019, and resulted in a reward of only 7.5 MEME per block. The platform uses Hybrid PoW/PoS consensus with a Block Time of 60 seconds. The team positions the project as open-source, safe, and secure and it also uses masternodes.
Pros and Cons of Memetic / PepeCoin
Advantages of Memetic / PepeCoin coin
The coin has an active Twitter campaign going on and has gathered quite a robust community around it. People enjoy concepts like this and it has a certain aesthetics to it. The website is green like the frog and there are clever punny names like mastertoads and Proof of Meme. The price of Memetic / PepeCoin is also attainable for a regular user and the newcomers to the cryptocurrency world who come from meme pages to see what blockchain really is.
Disadvantages of Memetic / PepeCoin coin
Unfortunately, as far as trading on exchanges goes, Memetic / PepeCoin is only available on Bittrex, and only in a pair of MEME for BTC. The project definitely needs expanding in this area and such things only come with time. However, you can also get MEME instantly in places like Swapspace and SimpleSwap. For now, it’s too soon to judge whether the project offers anything significant, especially considering it has well-established competitors like Dogecoin. The idea of memecoins may also only appeal to Internet jokesters, but serious big whales of blockchain can be unbothered by the concept of a memecoin and its fun and entertaining nature. For some, the duality of the name may also be confusing so the project needs to pick one name and stick to it.