PingPong Pepe is the first dual-chain meme coin project launched on Solana and Base, utilizing a fair launch model. Players can mint and play on either chain, with intermediary tokens minted in a ping-pong style. Tokens on Base will eventually migrate to Solana to forge the ultimate meme coin, PingPong Pepe ($PPP).
In the minting process, tokens minted on Solana are called Pepe Ping tokens, while those on Base are Pepe Pong tokens. Once Pepe Pong tokens in ERC20 standard on Base are migrated to Solana, they are burned, and new Pepe Pong tokens in SPL standard are minted on a 1:1 basis on Solana. Eventually, Pepe Ping and Pepe Pong SPL tokens on Solana can be forged into PingPong Pepe ($PPP) SPL tokens on a (1+1):1 basis. In simple terms, Pepe Ping and Pepe Pong are ingredient tokens combined to create PingPong Pepe tokens.
Anyone can initiate the minting process on either Solana or Base by paying nearly identical minting fees. The minting request triggers a round-trip between the two chains, resulting in three mints. Depending on the chain of initiation, you will receive either 5,000 Pepe Ping SPL tokens on Solana and 11,000 Pepe Pong ERC20 tokens on Base or 5,000 Pepe Pong ERC20 tokens on Base and 11,000 Pepe Ping SPL tokens on Solana. Tokens on Base will eventually migrate to Solana to forge PingPong Pepe ($PPP) tokens.
Both Pepe Ping on Solana and Pepe Pong on Base can be minted up to 500,000 times, leading to the total supply of 8 billion tokens each. The total supply of PingPong Pepe ($PPP) will also be 8 billion tokens.
The minting fees are almost identical on both chains. For the first 2,500 mints, the fees are artificially lowered to around $3 to encourage early participation. After the initial 2,500 mints, the fees increase to approximately $15 and will continue to rise by 0.8% for every additional 2,500 mints.
For example:
This gradual increase continues, reflecting a natural appreciation in token values. By the time 500,000 mints are reached, the minting fee will have increased by nearly 500%.
Liquidity will be added only for PingPong Pepe ($PPP) tokens on Solana by the team. However, the community is free to add liquidity for Pepe Ping and Pepe Pong tokens on either Solana or Base.