Bitfinex, a well-known digital asset trading platform, has made a significant announcement that is bound to catch the attention of crypto enthusiasts and meme aficionados.
On May 22nd, the platform revealed its plans to list the Pepe token, paying homage to the famous internet meme character Pepe the Frog.
The announcement, made earlier today, showcased Bitfinex’s commitment to embracing the evolving crypto landscape by offering its users access to the token.
This ERC-20 token, built on the Ethereum blockchain, has been rapidly gaining popularity since its creation in April 2023. Designed as a tribute to Pepe the Frog, a meme that gained internet fame in the early 2000s, the token brings unique features to the cryptocurrency trading ecosystem.
One of the standout features of the token is its no-tax policy, which aims to make the token accessible to a wider audience. Bitfinex hopes to encourage increased adoption and participation in the token ecosystem by avoiding additional taxes.
Henry Child, Head of Tokens at Bitfinex, expressed his excitement about introducing PEPE tokens to the platform’s ecosystem.
He acknowledged the surging popularity of meme-coins, making it a timely addition to Bitfinex’s portfolio. With the listing announcement, Bitfinex aims to cater to the growing demand for unique and meme-inspired digital assets.
Deposits for the token on Bitfinex opened on May 22nd, 2023, at approximately 10 a.m. UTC. Trading of the token, available in trading pairs against the US Dollar (USD) and Tether tokens (USDt), will commence on May 24th, 2023, also at approximately 10 a.m. UTC.
PancakeSwap Launches Pepe v3 Farm: Staking Token To Earn CAKE
Meanwhile, PancakeSwap, a decentralized exchange operating on the Binance Smart Chain (BSC), along with Multichain on BNB Chain, ETH & Aptos, made an announcement via Twitter about the launch of the Pepe v3 Farm.
The Pepe v3 Farm is now live on BSC PancakeSwap, providing an additional avenue for the token holders to stake their tokens and earn rewards in the form of CAKE, PancakeSwap’s native cryptocurrency.
Interested users can find more details on how to stake their PEPE tokens and earn CAKE on the PancakeSwap website, according to the tweet.
Nevertheless, Bitfinex’s decision to list the token and PancakeSwap’s introduction of the Pepe v3 Farm highlights the increasing integration of meme-coins into the crypto space.
As these digital assets continue to gain popularity, it will be interesting to see how the market responds to the launch of PEPE on Bitfinex and the subsequent staking opportunities on PancakeSwap’s platform.
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