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Pepe’s new Layer 2 meme coin, Pepe Unchained ($PEPU), has shattered data, turning into the most important meme coin presale in Web3 historical past after elevating a rare $70 million since its launch this summer season.
It’s exhibiting no indicators of slowing down, both. At present, $PEPU is netting over $2 million a day. Over on the official web site, a countdown timer shows simply 9 days left for traders to purchase in at a set presale worth of $0.01295 per token earlier than it launches on centralized and decentralized exchanges.
Nevertheless, phrase on the grapevine suggests the presale may conclude a lot sooner, and the token may launch on CEXs and DEXs by early subsequent week.
Given the extraordinary hype, as soon as Pepe Unchained hits the open market, it’s prone to go to the moon.
The Pepe Unchained presale launched this summer season to a wave of hype as meme coin followers bundled in to benefit from nearly unheard-of staking rewards, alongside decrease charges and 100x quicker speeds for anybody transacting with $PEPU than its main ERC-20 meme coin opponents.
To know the dimensions of its ICO, one of many yr’s greatest meme cash, Slothana, raised $15 million, which was thought of a gargantuan fundraise on the time. $PEPU has netted over 4x that quantity.
Past $PEPU’s ICO, the token’s seemingly itemizing on exchanges may smash the ceiling on its potential appreciation. So for many who nonetheless haven’t made their minds up, there might by no means be a greater time to purchase in – an funding of $100 baggage 7,722 $PEPU.
Learn on to learn the way Pepe’s new Layer 2 token rewards its holders with a glimpse into the way forward for meme cash.
Pepe: A Basic, Unleashed And Redesigned
The unique Pepe (ticker: $PEPE) is the third-biggest meme coin in crypto with a $8.2 billion market cap. It’s additionally the most important non-canine meme coin available on the market.
The already-famous avatar dropped 4 years earlier than Bitcoin’s launch in 2009. Pepe was initially a personality within the webcomic Boy’s Membership, designed by Max Furie, recognized and memed for his catchphrase “feels good, man”.
He then turned a worldwide sensation. Pepe even turned a political icon after showing within the 2019–2020 Hong Kong protests. Because the unique $PEPE’s launch, different tokens impressed by Furie’s comedian have dropped, however none loved fairly the identical success as the unique.
Tokens derived from the Boy’s Membership webcomic capitalize practically a tenth of crypto’s lofty $125 billion meme coin sector. Brett coin ($BRETT)—which is on Coinbase’s proprietary Ethereum Layer 2, Base—corners $2 billion of the market, whereas $PEPECOIN’s market cap approaches half a billion in the present day.
Clearly, the enchantment of those viral cash lies of their potential to blow sky-high. In the event you had purchased $PEPE one yr in the past in the present day, your stash could be up 1,552%. Diamond-handed $PEPECOIN HODLers are up an unbelievable 1,628% from this time final yr, in accordance with CoinGecko.
$BRETT holders that purchased throughout late February’s launch are up practically 19,735%. Given its origins as a Layer 2 meme coin, Pepe Unchained may observe an identical trajectory to Base’s Brett. Nevertheless, it’s value noting that whereas Base is backed by Coinbase, Pepe Unchained is a grassroots Layer 2 made by impartial builders.
Pepe’s New Layer 2 Skills And Token Economics
Again in September, the staff introduced an ecosystem roadmap in a multi-tweet thread over on X.
Two key options in Pepe Unchained’s ecosystem enlargement drive embrace a Layer 2 decentralized alternate (DEX) for affordable swaps between $PEPU and supported tokens, alongside a Pepe Basis, which can assist fund “a complete ecosystem with the very best builders within the area contributing.”
Moreover, the meme-savvy crypto followers may have recognized about two different options since launch: a devoted block explorer to see all transactions on the Layer 2, together with a Pepe Unchained bridge for fast and low-cost bridging between Pepe Unchained and Ethereum’s Layer 1.
Pepe Unchained is the primary meme coin to run by itself proprietary Ethereum Layer 2 blockchain.
Ethereum is probably the most commercially essential blockchain, because of a large group of software builders and shoppers who made the community the primary blockchain for decentralized finance (DeFi).
Nevertheless, Ethereum can at the moment solely course of about 15 transactions per second (tps) which ends up in excessive community congestion and enormous transaction charges.
To unravel this, builders have created a number of Layer 2 protocols. Layer 2s sit on high of the primary Ethereum community and course of transactions independently on a aspect chain, earlier than including them to the Layer 1 blockchain ledger.
Well-known Layer 2s embrace Polygon, represented by the $POL token (previously $MATIC), which has a most recorded 429 tps. Layer 2 tokens have collectively amassed a market cap of over $20 billion.
Pepe Unchained faucets this tech to supply a meme coin that’s 100 occasions faster and cheaper to transact with than Ethereum. Pepe Unchained gives $PEPU stakers juicy rewards, with a variable yield charge at the moment set at 64% APY.
$PEPU Tokenomics And Further Data
A complete of three.2 billion $PEPU, or two-fifths of whole provide of 8 billion $PEPU is allotted to the presale, with a hefty 30% (2.4 billion $PEPU) going in direction of staking.
A tenth is earmarked for the token’s advertising and marketing, whereas the remaining 20% is cut up equally between DEX liquidity, venture improvement (each 7.5%), with the remaining 5% going into Pepe Unchained’s Layer 2 treasury.
This isn’t a presale to overlook, and traders have lower than 9 days to get in on the bottom ground.
Readers can study extra about Pepe Unchained by trying out the official web site and whitepaper, or following the official X and Telegram accounts.
The venture’s sensible contract is totally audited by SolidProof and $PEPU may be simply purchased with ETH, USDT or financial institution card.
Go to the Pepe Unchained web site.
Most Searched Crypto Launch – Pepe Unchained
- Trade Listings December 10
- ICO Bought Out Early
- Featured in Cointelegraph
- Layer 2 Meme Coin Ecosystem
- SolidProof & Coinsult Audited
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