PETE

PETE Price

About PETE (PETE)

PETE is a community-driven memecoin on the Waves blockchain that merges the cultural appeal of Pepe the Frog with the duck-themed NFT ecosystem of the Waves network.

• Features an asymmetric fee model where only sellers pay transaction fees, while buyers trade with zero costs.
• Implements a deflationary mechanism that burns 50% of all seller fees to reduce the total supply over time.
• Integrates a rewards system for staking tokens and NFTs, allowing holders to earn a share of trading fees.

What Is PETE

PETE, also known as the Pepe DUCK token, is a hybrid memecoin designed to bridge two prominent cultural narratives in the cryptocurrency space: the global Pepe the Frog meme and the native 'Waves Ducks' theme. By combining these elements, the project aims to create a unique community mission within the Waves Ecosystem.

As a derivative project, PETE leverages the recognizable imagery of Pepe while focusing on the technical and community features of the Waves network. The project emphasizes community participation through various interactive mechanisms, such as price-milestone prizes and lifetime trading fee rewards for NFT holders.

Key Differentiators

• Asymmetric Fee Model: Unlike standard protocols where both parties pay, PETE only charges fees to sellers, effectively incentivizing buying activity.
• Deflationary Burning: Half of all collected seller fees are permanently removed from circulation through token burning, a process that reduces total supply.
• NFT Utility: Holders of PETE NFTs can receive a lifetime trading fee reward of up to 5%, which scales as the token reaches higher price targets.
• Milestone Prizes: The project features price-driven liquidity pool unlocks, where specific targets trigger the distribution of prizes to the first traders to reach the milestone.

Ecosystem and Integrations

The PETE ecosystem is centered around its native presence on the Waves blockchain but has expanded to other networks through cross-chain infrastructure.

• Liquidity Pools: The project maintains three primary pools on the Waves network: PETE/EGG, PETE/WAVES, and PETE/USDT. Fees from these pools are used for burning and reward distribution.
• Multi-Chain Access: PETE is available for trading on the Ethereum and BNB Chain networks via Uniswap.
• Staking Portal: A dedicated staking interface allows users to lock both PETE tokens and their associated NFTs to earn rewards derived from trading fees.
• Bridging: Users can transfer PETE between the Waves and Ethereum networks using the WavesBridge protocol.

Origins and Launch

PETE was launched on the Waves blockchain, drawing inspiration from the network's established NFT culture. The project was introduced with a fixed total supply of 917,218 tokens. Its launch strategy focused on integrating into the existing Waves DeFi landscape, particularly through the WX Network. The project operates with an anonymous team, consistent with many community-led meme initiatives.

Notable Burn/Buyback Events

The protocol features a continuous burn mechanism tied to trading volume. Every time a seller exits a position in the native Waves pools, 50% of the associated fee is automatically burned. This process ensures that the token supply remains in a state of constant reduction as long as trading activity persists.

Risk Disclosure

As with all memecoins, PETE is a highly speculative asset with substantial volatility. Its value is primarily driven by community sentiment and meme culture rather than traditional utility. The project is managed by an anonymous team, which carries inherent risks regarding governance and long-term development. Potential investors should be aware that the rewards and milestone prizes are contingent on market activity and price performance.

Where can you buy PETE?

PETE tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade PETE is WX Network, where the most active trading pair PETE/WAVES has a trading volume of $1.82 in the last 24 hours.

What is the daily trading volume of PETE (PETE)?

The trading volume of PETE (PETE) is $1.82 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for PETE (PETE)?

PETE (PETE) reached an all-time high of $4.24 and an all-time low of $0.05913. It’s now trading -97.30% below that peak and 93.70% above its lowest price.

What is the fully diluted valuation of PETE (PETE)?

The fully diluted valuation (FDV) of PETE (PETE) is $111,880. This is a statistical representation of the maximum market cap, assuming the maximum number of 980 Thousand PETE tokens are in circulation today. Depending on how the emission schedule of PETE tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of PETE compare against its peers?

With a price increase of 0.00% in the last 7 days, PETE (PETE) is underperforming the global cryptocurrency market which is up 1.10%, while outperforming when compared to similar Waves Ecosystem cryptocurrencies which are up 0.00%.