Whitepaper

A token and 10,000 Pepe NFTs that pay you in pepe and eth.

01What it is

Pepe4 is a token and a collection of 10,000 Pepe NFTs at the same time. When you hold enough of the token, one of the Pepes mints straight to your wallet on its own, and from that point it earns you real PEPE and ETH. The way it earns is simple: every time someone trades Pepe4 a small fee is taken, and that fee goes out and buys PEPE on the open market for the holders. You hold, your Pepe earns, and you claim whenever you feel like it. It all runs on its own, and the artwork is drawn live on the blockchain.

02The token and the Pepe

Under the hood the token and the NFT are tied together. Your number of Pepes is just your balance divided by 42,069,000,000. Cross that line and a Pepe shows up in your wallet, cross it again and a second one appears, and if you sell back below a line the matching Pepe goes back into the pool. There is no separate minting step, it all happens inside the normal transfer.

This is also why people say the token is backed by the Pepes. Every Pepe NFT always has 42,069,000,000 Pepe4 sitting behind it, so the picture is never just a picture, it is a real claim on the tokens and on the yield.

03How the yield works

A Uniswap v4 hook takes a 4% fee in ETH on every trade and parks it in the token. Once a little of that has built up, the very next trade quietly turns it into yield, with no one needing to push a button:

About 70% of the collected ETH buys real $PEPE through the Uniswap router, and the other 30% is kept as ETH. Both are then shared out across every Pepe by its weight, exact to the last wei. Because the trading itself triggers all of this, the protocol keeps running by itself and the team has no switch to turn it off. Whenever you want your share, you press claim() and your PEPE and ETH come to your wallet.

04Staking your Pepe

Each Pepe is a share of the yield. A plain Pepe counts as one share, a weight of 100. If you stake a Pepe, it locks the 42,069,000,000 behind it and starts a clock, and over 90 days its weight grows from 100 up to 250, so a fully grown one earns two and a half times as much PEPE and ETH as a fresh one. When you unstake, you get the backing back minus a small 8% burn, and that Pepe retires.

05The art

Every Pepe is one of a kind and drawn entirely on-chain, so there are no servers and no off-chain files to disappear. Each one has a body, a moving background, and a deep stack of traits, from six skins (classic green and the rarer gold, zombie, based blue, rage and cosmic) to hats, eyewear, smokes, chains and a few moods. They blink, they float, and the scene moves behind them. The whole renderer is a single contract that builds the rest of the art for you when it deploys.

06Numbers

Contracts: Pepe4 (the token, the Pepes and the PEPE and ETH yield), PepeNode (the NFT side), Pepe4Hook (the v4 fee), PepeRenderer (the on-chain art). Hold Pepe4, get a Pepe, get paid in pepe and eth.