Post
Topic
Board Speculation (Altcoins)
Re: [PEPECASH] 🐸 Pepecash / RarePepe 🦄 Spepeculation Topic
by
needmoney90
on 24/02/2017, 08:55:03 UTC
I asked on another thread and got a meme (I guess fittingly), but how was pepecash originally distributed?


It was initially given to people who held the first three cards, RAREPEPE, SHITCOINCARD, and GOXPEPE. Additionally, smaller (proportionally) amounts were given as dividends to anyone holding HYIPPEPE. Those cards had the best distribution in the early days (most people had some if they were in the community), so they were solid choices as far as how to distribute.

I will say, in those days, PEPECASH was a card like any other. No one really cared, and most people dumped. The rally took the majority of the community by total surprise, I know a lot of early people who regret selling (well, who wouldn't?). If you have any questions, I'm happy to expand on anything. I've been around since day 3 or so, so I'm pretty well versed in the history of the whole thing.

Thanks for your answer. Do you know if the entirety of pepecash given away at that time? Do you know how much the original card holder held for him/herself?


700 million pepecash (approximately) out of 1 billion created were given as dividends to those cards. The remaining 300 million or so were burned to this address: https://counterpartychain.io/address/1BurnPepexxxxxxxxxxxxxxxxxxxAK33R. To the best of my knowledge, the creator did not keep any pepecash that weren't distributed to him via dividends.

Additionally, more Pepecash is burned ritualistically before events in the community, and half the submission fee (paid in pepecash) is burned as well. So the supply is constantly (slowly) declining.