# vPEPA Token

vPEPA are non-transferable tokens that serve as proof of membership in PEPA ecosystem. vPEPA token can be minted with PEPA token. Users can mint 100 PEPA for 1 vPEPA token. vPEPA holders receive PEPA reward proportional to their shares of vPEPA and the length of their holding time. The more token and longer time the users hold, the more reward tokens.

Holding PEPA enjoys following benefits:

* All the benefits of holding PEPA token plus:
  * Trading fee dividends
  * Token rewards
