Pepe Price - PEPE/USD : $0.00000704
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What is Pepe (PEPE)?
Pepe is a cryptocurrency inspired by the internet meme Pepe the Frog. Launched on the Ethereum blockchain in April 2023, it follows the memecoin trend popularised by Dogecoin and Shiba Inu, thriving on entertainment value and speculative trading rather than technological innovation. Its rapid rise on social media and within online communities fueled a surge in popularity and market capitalisation.
Pepe features a deflationary mechanism where a portion of each transaction is “burned”, permanently reducing the supply to increase scarcity. Its massive initial supply of 420.69 trillion tokens contributes to volatility, making the coin prone to significant price swings.
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How we treat client assets
No commingling of customer funds: we keep client assets completely separate from our own.
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Audited
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
We keep your assets safe. That is our promise.
Sole custodian
Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend or trade your assets.