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Cryptocurrency News Articles
Pepe Unchained (PEPU) Secures $17M in Presale, Aims to Revolutionize Memecoins with Layer-2 Blockchain
Oct 05, 2024 at 05:04 am
Pepe Unchained has seen a lot of interest recently. The presale's total hit $17 million yesterday and has increased to $17.1 million in the past few hours.
Pepe Unchained, a layer-2 project inspired by Pepe the Frog, has hit another major milestone with $17 million secured during its presale phase. This project aims to enhance speeds, reduce fees, and introduce new DeFi features for memecoin traders.
Pepe Unchained presale gains steam with early staking rewards
Recently, Pepe Unchained has garnered significant attention. Yesterday, the presale total hit $17 million and has since increased to $17.1 million in the past few hours. During the presale, investors can acquire PEPU tokens at a fixed price of $0.00991.
Pepe Unchained’s team accepts credit/debit card, ETH, USDT, and BNB for PEPU purchases, making the token widely accessible.
As the presale end date remains undisclosed, excitement builds for the token claim and eventual DEX listing. This anticipation was further fueled after a large buy was spotted yesterday. According to Etherscan data, one anonymous “whale” purchased 21.75 ETH worth of PEPU, which translates to approximately $51,400.
Moreover, there is a “double staking” app that is currently live during the presale. Even before the presale concludes, presale investors can stake their PEPU, with over 1.2 billion tokens already locked in.
This staking setup has piqued the interest of the crypto community, and anticipation is now building on Pepe Unchained’s Telegram and Twitter channels. Notably, the PEPU token has also secured the second spot on CoinSniper.net.
Pepe Chain aims to revolutionize memecoins with fast transactions, low fees
Pepe Unchained is not just another meme project; the team behind it has grand ambitions, the primary one being the launch of a dedicated layer-2 blockchain: Pepe Chain.
This blockchain, designed specifically for memecoins, will deliver speeds up to 100 times faster than Ethereum, according to the project white paper.
However, Pepe Unchained’s layer-2 has more to offer than just speed. It will feature a block explorer for tracking transactions, a DEX for easy token swapping, an instant bridge to Ethereum, advanced analytics, and a whole lot more.
The excitement truly stems from the team’s new “Frens with Benefits” program, which will be launching before the year ends and serves as a playful nod to the popular “Can devs do something?” meme.
Its aim is to bring blockchain developers on board with grants and rewards on Pepe Unchained’s new layer-2 chain. This will facilitate the early creation of an ecosystem of DApps. According to many in the community, this setup could be massive for memecoins as a whole.
Tokenomics, security measures instill confidence in Pepe Unchained
Pepe Unchained features a simple tokenomics structure. Of the 8 billion PEPU tokens, 40% are up for grabs in the presale. Another 30% is earmarked for staking rewards, with the rest allocated for project development, marketing, and liquidity — striking a balance between engagement and sustainability.
When it comes to security, Pepe Unchained’s team is leaving nothing to chance. They have had the PEPU token audited by both Coinsult and SolidProof, who found no issues with the code. These audits pave the way for an official launch after the presale concludes.
This upcoming launch is highly anticipated, especially considering the interest in layer-2 solutions this year. Currently, over $35 billion in value is locked in these networks.
While platforms like Arbitrum, Base, and Optimism lead the way, there is a clear void: no chain dedicated to memecoins.
That’s the opening that Pepe Unchained is looking to fill. Whether it can do so is up for grabs, but with over $17 million raised in presale, it’s evident that numerous investors are placing their bets on the future of this project.
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