A new memecoin called PEPE is set to launch on the BNB Chain, following the success of the Ethereum-based PEPE token. Inspired by the mischievous frog from the webcomic “Boy’s Club,” PEPE (BEP20) has unique mechanisms programmed into its tokenomics. The original PEPE token gained a market capitalization of over $1 billion in May, leading to a surge of frog-themed memecoins. Unlike other memecoins, PEPE (BEP20) includes a syndication system to support price stabilization. The team behind PEPE (BEP20) plans to launch multiple PEPE projects in 2023. These projects will operate independently but will be governed by a “Burn & Drop” system, where burning one token leads to an airdrop of another. This system aims to reduce volatility and provide trading opportunities. PEPE (BEP20) also has plans to introduce additional services to enhance the token’s utility. The project is currently running an airdrop campaign on Twitter. PEPE is a BEP20 token launched on the Binance Smart Chain, and the Pepe Syndicate manages its price volatility through the unique “Burn & Drop” mechanism.
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