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WHITEPAPER

Abstract

This whitepaper outlines the key aspects of PepeTheRockstar’s decentralized project on the Solana network. The project is designed with a strong commitment to decentralization and transparency, with a max cap of 1 billion tokens.

 

1. Introduction
PepeTheRockstar’s Decentralized Project is a groundbreaking initiative on the Solana network. Our project is built on the principles of transparency, decentralization, and community governance. We believe in the power of blockchain technology to revolutionize the way we interact, transact, and build communities.

Our vision is to create a decentralized platform where everyone has a voice, and decisions are made collectively. We aim to foster a community that is empowered, and engaged.

We are committed to creating a token with a max cap of 1 billion, ensuring a fair and balanced distribution.

In this whitepaper, we will outline our project’s key aspects, including our decision to revoke ownership, our revoked freeze authority, and our unique ‘Bonfire’ events. We invite you to join us on this exciting journey.

 

2. Revoking Ownership
In our commitment to decentralization and community governance, we have taken the step to revoke ownership of PepeTheRockstar’s Decentralized Project. This decision is rooted in our belief that power should not be concentrated in the hands of a few, but rather, distributed among the many.

By revoking ownership, we ensure that no single entity has absolute control over the project. This fosters a sense of collective ownership and responsibility among our community members. It also aligns with our mission to create a truly decentralized platform where everyone has a voice.

This decision is not taken lightly. It is a testament to our unwavering commitment to our community and to the principles of decentralization.

 

3. Revoked Freeze Authority
In line with our commitment to decentralization and transparency, PepeTheRockstar’s Decentralized Project has revoked the freeze authority. This decision is a significant step towards ensuring the autonomy and security of our token holders.

The freeze authority is a feature that allows the token issuer to freeze the transfer of tokens between specific accounts. By revoking this authority, we ensure that no single entity, including the original developers, can control or restrict the transfer of tokens. This means that once you own our tokens, you have complete control over them.

Revoking the freeze authority is a clear demonstration of our commitment to decentralization. It ensures that our token operates in a manner that is fair, transparent, and resistant to censorship.

 

4. Tokenomics
PepeTheRockstar’s Decentralized Project operates with a capped supply of 1 billion tokens, ensuring a sustainable and balanced economy within our platform. Our tokenomics are designed to incentivize participation, reward our community, and fund ongoing development and marketing efforts.

Here’s a breakdown of our token distribution:

Capped Supply: We have a max cap of 1 billion tokens, limiting the total number of tokens that will ever exist.

Burned Tokens: We hold ‘Bonfire’ events where we burn PROC, effectively reducing the number of tokens in circulation and creating a deflationary effect.

Dev Wallet: 5% of the tokens are allocated to the dev wallet for split.

Raydium Pool: 10% of the tokens are allocated to the Raydium pool.

Community Airdrop: To ensure trust from the community we are dropping 50% of all tokens or 500m tokens at least, to addresses on the Solana Blockchain that are active. Part of this will go to winners of our social media competition.
Investors: Early project investors hold 15% and they would like to see this project do well.
PreLaunch Contest: 5% is allotted to our pre launch contest winners. 

PreLaunch Marketing: 5% to the marketing team that worked rigorously to get this project noticed.

Reserve: We have reserved 10% of the tokens for future airdrops, allowing us to reward our loyal community members and attract new ones.

Our tokenomics are designed to create a balanced and sustainable economy within our platform, rewarding our community while ensuring the long-term viability of our project.

 

5. Bonfire Events
At PepeTheRockstar’s Decentralized Project, we periodically hold what we call ‘Bonfire’ events. These events are a key part of our tokenomics strategy and serve a crucial role in our ecosystem.

A ‘Bonfire’ is an event where we burn a portion of the total cap. This effectively reduces the number of tokens in circulation, creating a deflationary effect. The burning of tokens during a ‘Bonfire’ increases the scarcity of the remaining tokens, potentially driving up their value.

These events are not scheduled at regular intervals but occur occasionally, adding an element of surprise and excitement within our community. Each ‘Bonfire’ is a celebration of our project’s growth and success, and a reaffirmation of our commitment to our token holders.

 

6. Roadmap
Stage One: Listings on Major Platforms

Our initial focus is on gaining visibility and building our community of token holders. We aim to list our token on prominent platforms such as CoinMarketCap and CoinGecko. Our target is to reach 1,000 holders and a 100k market cap. We are going to run a contest for our initial airdrop.

 

Stage Two: Market Cap Milestones

We have ambitious goals for our market cap. We aim to reach a market cap of $100K, followed by $1 million at stage 2. We plan on launching an nft collection at this stage as well as having 5000+ holders. 

 

Stage Three: Further Development

At stage 3, we plan to launch a video game where players can earn $PROC tokens. This initiative serves as our encore, a way to give back to our amazing community.
We invite you to join us on this exciting journey. Together, let’s make some noise for PepeTheRockstar! At this stage we hope to have 10m market cap and 10k holder.

 

7. Conclusion
PepeTheRockstar’s Decentralized Project represents a significant step forward in the realm of decentralized platforms.

 

Our decision to revoke ownership and freeze authority underscores our dedication to decentralization and user autonomy. Our unique ‘Bonfire’ events and strategic tokenomics, including a max cap of 1 billion tokens, are designed to create a sustainable and balanced economy within our platform.

Memecoin (“PROC”) is a digital token compatible with the SPL2022 token standard. PROC has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend. It is useless in terms of utility.

 

For the avoidance of doubt, and without limiting the generality of the above, PROC is not, and is not intended to:

 

be a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt;

 

be designed or intended to be used by any person as payment for any goods or services, whether through the nft's video games or otherwise;

entitle holders to exchange PROC for goods or services;

 

be a representation of money (including e-money);

 

be a digital representation of a capital markets product, security, share, debenture, unit in a collective investment scheme, derivatives contract, commodity or any other kind of financial instrument or investment in any jurisdiction;

 

be a capital markets product, security, share, debenture, unit in a collective investment scheme, derivatives contract, commodity or any other kind of financial instrument or investment in any jurisdiction;

 

represent any shareholding, participation, right (including but not limited to voting rights), title, stake or interest in, or right to participate in business operations of any entity, enterprise or undertaking (including without limitation any member of the PROC community as a whole);

 

represent any entitlement to any voting rights in respect of the solana and PROC ecosystem.

 

represent any entitlement to fees, dividends, revenue, profits or investment returns;

 

represent any rights under a contract for differences or under any other contract the purpose or purported purpose of which is to secure a profit or avoid a loss;

 

be refundable or exchangeable for cash (or its equivalent value in any other digital asset); and/or represent any indebtedness.

 

There is no guarantee and no commitment to list PROC on any exchange.

 

As we embark on this journey, we invite you to join us. Together, we can redefine what it means to be a decentralized platform on the Solana network.
 

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