Last Updated on June 11, 2023 by Bitfinsider
ProEX has recently announced a new spot trading contest which consist of PEPE, ORDI and Floki and up to 30,000 USDT and providing 60% of transaction fee rebate to the users, which lasts from 5th June to 30th June.
As long as you purchase or sell in spot trading using PEPE, ORDI, FLOKI, and other currencies, they will be included in the rebate.
ProEX will create three bonus pools for PEPE, ORDI, FLOKI, and others, with each pool containing 10,000 USDT for everyone to share.
Below is an review on the three tokens.
What is Pepe?
Pepe Coin made its debut on April 17 and experienced a spectacular increase within two days of that date, reaching $30 million in trading volumes on the Uniswap decentralized market. This amounts to a remarkable 900% spike in value just two days after its launch, and in just one week, its market capitalization jumped from zero to close to $100m.
Pepe Coin is currently the subject of intense anticipation, despite the fact that the coin’s only redeemable feature is the inclusion of Pepe the Frog, a popular internet meme figure, as its mascot.
On April 18, a trader acquired 5.9 trillion Pepe Coin tokens for 0.125 ether (ETH-USD), or roughly $263. By April 19, 2023, the memecoin’s value had risen to around $1.8 million, offering a potential return of about 4,500 times the original investment, luring in a large number of additional investors.
The Pepe Coin official Twitter account refers to the coin as the “most memeable memecoin in existence” and claims that the “dogs have had their day,” making reference to memecoins from a previous generation like dogecoin (DOGE-USD) and shiba inu (SHIB-USD). In fact, PEPE has a total quantity of 420,690,000,000,000,000 tokens. The number itself is a parody of the well-known meme numbers 4:20 and 69.
According to Coingecko, the coin has increased by a remarkable 1,000% during the last week. By market capitalization, it has surpassed both The Sandbox’s SAND token and Fantom’s native FTM token to become the 45th-largest cryptocurrency, reaching a market capitalization of 1 billion and upwards.
As it starts to gain traction, a trading frenzy seems to have started after several cryptocurrency exchanges, including MEXC Global, Bitget, OKX, Gate.io, and Huobi, launched Pepe trading pairs two weeks earlier. The latest exchange to join the trading frenzy is Binance, which serves as an indication to PEPE’s potential in the coming weeks.
In conclusion, it is undeniable that the PEPE memecoin has made waves in the cryptocurrency market, rising to a total addressable valuation of over 1 billion just three weeks after its inception.
Many are comparing PEPE to other memecoins like SHIB, DOGE, FLOKI, and other similar coins, but only time will tell if this meme-inspired token will be there for the long haul. If you wish get your hands on the world’s most popular meme coin and be part of its rewarding but volatile journey, we recommend no other crypto exchange than ProEX!
What is Ordi?
In the blockchain industry, BRC-20 is one to watch. Along with the ongoing memecoin craze, the fungible token standard built for the Bitcoin network is the talk of the crypto industry.
Ordinals and Inscriptions were used to build the BRC-20 token standard, which was saved on the Bitcoin base chain. As a result, the token standard arose from the development of the Ordinals protocol, which allows users to encrypt any file on the Bitcoin blockchain.
What is Floki?
Floki is a cryptocurrency that began as a meme coin based on Elon Musk’s dog but has since expanded into a full-fledged web3 project encompassing decentralized finance, NFTs, and the Metaverse. The Floki initiative, now known as “The People’s Crypto,” has transformed a once-useless meme-coin into something more.
FLOKI, the project’s token, is a multi-chain token that can be used on both the Ethereum and Binance Smart Chain (BSC) blockchains because it is ERC-20 and BEP-20 compliant. FLOKI tokens may easily be bridged between the two chains, allowing FLOKI holders to store and transact with their tokens on either blockchain.
Event Rules:
- From June 1st to 30th, trade with PEPE, ORDI and FLOKI.
- If you accumulate 500 USDT in a single currency transaction, you can get 60% rebate on the fees during the event period.
- A single currency transaction totaling 888 USDT will qualify for the bonus pool split.
- The three coins will be counted separately and cannot be added up simultaneously.
- The winner will be announced in the official IG news on July 17th, after the announcement, the winner must leave a message under the official news and share it to their IG within 5 days, if they do not complete the above action, they will be considered as giving up the prize.
- On July 24th, 2023, the official reward will be distributed to the winner’s wallet.
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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.