People often confuse these two; what exactly are the differences between $PEP and $PEPE?
1. Type of Blockchain
$PEP: It is an independent blockchain based on the PoW (Proof of Work) mechanism, similar to Bitcoin and Dogecoin. It has its own ecosystem and mining power support, being the world's first fully decentralized Pepe public chain.
$PEPE: It is an ERC-20 token based on Ethereum (ETH), a smart contract token without its own blockchain, relying on the security and functionality of the Ethereum network.
2. Positioning
$PEP: It's more like a meme version of Bitcoin and Dogecoin, aiming to become a decentralized global payment currency while carrying the cultural value and community influence of Pepe the Frog.
$PEPE: Focuses on short-term speculation and meme culture spread, mainly driven by market sentiment and community consensus to cause price fluctuations, without independent technological innovation.
3. Supply Mechanism
$PEP: Generated through mining, with a limited total supply (expected to be 100 billion by 2025). It has a clear economic model, similar to Bitcoin and Dogecoin.
$PEPE: The token has a fixed total supply, pre-mined by the team, then distributed; there's no mining mechanism, and it relies more on the liquidity support from DeFi and DEX (Decentralized Exchanges).
4. Spread and Cultural Context
$PEP: An independent public chain themed around Pepe the Frog, combining meme culture with blockchain technology, making it more likely to be favored by tech enthusiasts and meme culture supporters.
$PEPE: As a meme token on Ethereum, it spreads quickly but is overly dependent on market heat, easily distracted by other new meme projects.
5. Investment Logic
$PEP: The long-term investment logic is similar to Bitcoin or Dogecoin; as mining power and community grow, its value might increase over time.
$PEPE: More speculative, driven by market heat and sentiment, with sharp price fluctuations, suitable for short-term investors.
Summary:
If you believe in Pepe culture + blockchain independence and want to invest long-term, consider $PEP.
If you're after short-term market trends or DeFi ecosystems, keep an eye on $PEPE.