Post
Topic
Board Announcements (Altcoins)
Re: [ANN] The first truly rare Pepes on the Bitcoin Blockchain! [ANN]
by
snakes-r-us
on 08/05/2017, 22:01:33 UTC
How often are the rarepepe burnt ? Why but something when there so many of them already ? I can't​find any info on this anywhere. And what does the lock mean ?

5000 PEPECASH is burned with each new pepecard submission:
http://rarepepedirectory.com/?page_id=25

The initial PEPECASH supply was 1 Billion, but it is now down below 700 million. The lock means that no more pepecash can be created, ever. More details on the present can be found here:
https://counterpartychain.io/asset/PEPECASH
(the largest address with 30.2% tokens is the burn address which noone has a key to, meaning that these pepecash are burned for good.)

Given that the supply is fixed and reduced with each new pepecard the supply is deflationary, which is very good news for long term investors.