Pepecoin (PEPECOIN), the 2016 OG in the Meme coin space, is going deflationary. Now, a small percentage of tokens will be burned with each transaction. This would make PEPECOIN rarer, potentially increasing its value due to supply shock, and position it as the ultimate utility memecoin.
The PEPECOIN burn event would also include a timely incentive: those who burn PEPECOIN will earn brain credits, which can be used to obtain BasedAI brains — subnets for the AI network.
Burn PepeCoin and Receive BasedAI Brains
AI is emerging globally at a phenomenal pace. Estimates suggest that by 2030, Artificial Intelligence will account for 15.7 trillion dollars in the global economy. Currently, 77% of people use AI regularly, although 33% realize it.
In fact, the crypto space has been leveraging AI in many ways, and BasedAI is the forerunner in combining AI and meme culture to create a unique cryptocurrency that utilizes AI algorithms to support smart trading and maximize returns.
BasedAI has introduced brain credits, which function as digital tokens redeemable for full or fractional ownership of a brain. Burning PEPECOIN now makes obtaining these credits possible.Â
Initially, the distribution will be “1 brain credit” for every “1 PEPECOIN” burned, but this rate will increase as more PEPECOINs are burned. A total of 1000 Brain Credits is equal to 1 Full Brain. However, it is also possible to own Brains, fully or partially, by pooling together Brain credits in a mechanism with the motto of rewards proportional to participation.Â
When a Brain operates, it generates $BASED coins. Tentatively, someone holding 10 Brain credits, equivalent to 1% ownership of the Brain, can have their holding generate 130 $BASED tokens over a year.
At the time of writing, BASEDAI is trading at a little more than $4. Holders also stand to gain by joining the Brain DAO, which gives them the right to decide the course of fund allocation, reward structure change, protocol upgrades, and governance decisions.
Burning Pepe coins, which leads to ownership of BasedAI, introduces holders to the latest approach in AI ownership and participation. The OG meme coin is now packed with benefits and better equipped for an AI-powered future that is democratic, equitable, inclusive, and participatory.