PEPECASH

Ticker: PEPECASH

Launch Date: 09/14/2016

Total Supply: 692,033,871

All-Time High: $0.2554

PEPECASH: THE ORIGIN STORY

Born in the online comic series by Matt Furie in 2005, Pepe the Frog transformed from a simple comic character into a worldwide meme sensation. Fast forward to 2016, amid the frenzy of the U.S. election campaign, Pepe leaped onto the blockchain platform, evolving into a full-blown cryptocurrency known as PEPECASH. Its overarching mission? To leverage blockchain technology to transform memes and digital art into a monetizable commodity. Thus, PEPECASH caters to art enthusiasts, collectors, and investors, offering them a platform to buy and exchange digital artwork stored on the Bitcoin blockchain within BTC transactions.

While the creators of PEPECASH, like many other meme coin inventors, prefer to work under the cloak of anonymity, they are proactive in maintaining their community via a lively Telegram channel. PEPECASH also stands out due to its weekly auctions and easy access to collectible wallets on its platform.

Early on, in the first series of the Rare Pepe Directory, it was theorized to have a project centered currency to trade against all the cards from all the artists in the directory.

Since many tokens were already being sold against XCP and since the Counterparty Decentralized Exchange supported ‘asset-for-asset’ trading pairs, PEPECASH became the currency of exchange for trading Rare Pepe’s in the community. It was also a card in the directory itself with minted art by Mike.

PEPECASH was originally distributed to holders of RAREPEPE, GOXPEPE, AND SHITCOINCARD. A portion of PEPECASH was also donated to FoldingCoin miners. After some giveaways on Twitter and in the Rare Pepe Telegram chat, the rest was burned, which ended up being about 300 Million units.

This card was also used to submit cards into the directory from that point on, though you were required to send it to a specific burn address to do so.

These trading theories were done because this project predates the ‘destroy’ function as well as the ‘dispenser’ function.

This asset also historically became one of the 12 cryptocurrencies officially approved of by the Japanese government in 2017.

It is not uncommon for more recent projects to still use PEPECASH, for instance the Fake Rares ‘Commons’ section requires a ‘destruction’ of PEPECASH for submission.

PEPECASH is a card just like the other cards on the RAREPEPES directory, except it is a lot more liquid.   About 700 million PEPECASH are in circulation at the moment.  PEPECASH is meant to be the currency of the RAREPEPES memeverse.  

Each week while the original token submissions were open PEPECASH sacrifices half of the earnings from submissions “to Kek for good luck”, which makes PEPECASH deflationary.

As of February 2023, 303.6 million or 30.36% of Pepe Cash has been sent to a burn address (1BurnPepexxxxxxxxxxxxxxxxxxxAK33R).

PEPECASH‘s uniqueness is rooted in its strong ties to the Bitcoin blockchain. Rare Pepe owners can trade their digital art for PEPECASH, making it more than just a currency – it’s a trading card for the digital era. Each piece of artwork created on Counterparty comes with a digital blockchain token, making exchange possible. This novel concept of assigning authorship timestamps to any image makes the platform a decentralized hub for Pepe the Frog memes and illustrations. Backed by the Foundation laid by Rare Pepe, which estimates the value of each meme based on its various factors including rarity, PEPECASH reduces investment risks. Despite significant price jumps in recent years, the project maintains its core purpose – to offer fun, entertainment, and a vibrant marketplace for digital art.

@mYRAREPEPE

https://t.co/mdSSYSb9yf pic.twitter.com/0OeYZP98ee
— My Rare Pepe (@myrarepepe) August 29, 2022

Nice outfit. https://t.co/T56qwpTRSe
— My Rare Pepe (@myrarepepe) March 24, 2022

We reserved a spot for @Matt_Furie to make a Rare Pepe card years ago and he finally made one. 😀🚀 https://t.co/T0UrNet7o2
— My Rare Pepe (@myrarepepe) October 5, 2021

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