🪙Tokenomics

$PEPAY Only Goes Up (Actually - In $PEPE)

The unique combination of contract minting/burning and the 10% transaction tax allows $PEPAY to mathematically guarantee that the backed, contract price in $PEPE can only go up - even when there is heavy sales volume. The mechanism of reducing supply (burning) while simultaneously increasing $PEPE backing ensures that the value of $PEPAY will increase even when it is being sold. This counteracts the usual price depreciation associated with selling pressure, making $PEPAY a token that only goes up in $PEPE value.

No matter when you cash out your $PEPAY for $PEPE, it is guaranteed to be more than you cashed in.

Both mints (purchases) and sales (burn) carry a 10% tax that is distributed as follows:

1. 6% to Contract Backing ($PEPE price always goes up)

2. 2% to LP staking rewards (rewards to LP providers in the $PEPAY/WETH pair - incentivizing a large LP is important to allow profitable arbitrage in large size that turbocharges $PEPAY's $PEPE backing.)

3. 1% to operating expenses - marketing, future audits, dapp dev, hosting, etc.

4. 1% to the $PEPAY team