PEPE98 Portal is a fairlaunch project with 1 trillion tokens. It features 5% to marketing, 5% to the team for development and energy drinks, and 90% to LP. The project includes games on its website with weekly new additions and rewards for winners. It emphasizes a strong community focus, rejecting 'jeets' who leave after launch and embracing a unique 1998 aesthetic. It aims to provide an alternative for those who missed the original PEPE.