What is Pepe Coin?

Pepe Coin is inspired by the internet meme character Pepe the Frog. Like other meme coins, it gained popularity primarily through online communities and social media platforms. While it doesn't offer any technological innovation or utility like other cryptocurrency tokens, Pepe Coin capitalizes on its cultural and entertainment value within the crypto space. Investors and enthusiasts often trade it for its novelty and potential for rapid value appreciation, although it is highly speculative and carries significant risk.

What is PEPE?

PEPE is an ERC-20 token on the Ethereum network that was launched by an anonymous project team on April 14, 2023. There is a maximum supply of 420.69 trillion units of PEPE, all of which are in circulation today. Learn more about PEPE here.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset. No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform. Wealthsimple has performed an assessment of whether PEPE can be supported by Wealthsimple’s platform, including whether PEPE is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated PEPE based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of PEPE, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created PEPE;
• The supply, demand, maturity, utility and liquidity of PEPE; Material technical risks associated with PEPE, including any code defects, security breaches and other threats concerning PEPE and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with PEPE, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of PEPE; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdiction regarding whether PEPE, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple’s original assessment of those assets, including Wealthsimple’s assessment of the application of securities and derivatives laws. Any significant changes relating to PEPE may result in changes to this Crypto Asset Statement and/or Wealthsimple’s ability to support PEPE.

Like all other crypto assets, there are some general risks to investing in PEPE. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading PEPE. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last Updated: July 16, 2024