Shrek was launched on April 28, 2023 on the Ethereum network and is on a mission to become the only top- tier Shrek memecoin in all of the blockchains combined. The project aims to capitalize on the popularity of meme coins, like Pepe and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. Shrek appeals to the cryptocurrency community by instituting a no-tax policy and being up-front about its lack of utility, keeping things pure and simple as a memecoin.