# $PEPAY

## Dear Community,

We are thrilled to announce the launch of $PEPAY, a pioneering token that brings together the powerful tokenomics of $JAY and the resilient backing of $PEPE. This innovative blend gives $PEPAY a perpetually increasing backing ratio in $PEPE - no matter when you buy $PEPAY, as long as you hold it, it will always go up in $PEPE price. If you're bullish on $PEPE, $PEPAY will get you a lot more of it with no price downside risk whatsoever.

$PEPAY is very much NOT a meme-coin, however our goal is to provide a profitable product for THE meme-coin of our times, $PEPE. This is a product we've designed to encourage $PEPE community holders to hold their $PEPE, while making some potentially very, very high $PEPE returns in the process at minimal risk. The team holds significant stake in $PEPE. Our vision is that, if $PEPE succeeds in unseating $SHIB/$DOGE, our users will tell us that $PEPAY not only encouraged them to hold their $PEPE instead of sell too early, but also that it multiplied their $PEPE holdings and now they are $PEPE multi-millionaires.

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## Why We Created $PEPAY?

We envisioned $PEPAY as a token that not only carries forward the well-structured tokenomics of $JAY but also takes advantage of the strength and community support behind $PEPE. We want to give our fellow believers in $PEPE a way to make significant gains on their $PEPE position, in a landscape that currently provides few if any means to return yield on $PEPE due to its meteoric rise. We believe $PEPE will surpass $SHIB and $DOGE as a more powerful and relevant memecoin with greater cultural support. Our goal is to provide a stable, reliable, and rewarding digital asset that benefits all stakeholders by creating a "contract bank" of $PEPE with $PEPAY, guaranteeing all holders increase their total $PEPE amount.

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[How does $PEPAY Work?](/whitepaper/overview/how-does-usdpepay-work.md)
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