A newcomer to the crypto market, Pepe Unchained (PEPU), has raised eyebrows by securing $11 million in presale funding.
This layer-2 project aims to bridge the gap between the popularity of meme coins and practical blockchain tech.
Pepe Unchained gains traction with vision for a faster layer-2 blockchain
Pepe Unchained, a new frog-themed project, is beginning to gain traction on social media.
But the developers aren’t positioning it as just another joke token.
While it still uses the “Pepe the Frog” mascot that retail investors can’t seem to get enough of, there’s more going on behind the scenes.
The developers are aiming high with their own layer-2 blockchain, called the “Pepe Chain.”
Think of it as an add-on to Ethereum.
Pepe Unchained’s big idea is to address the headaches that Ethereum users know all too well.
For example, high gas fees and sluggish transaction times.
According to the project’s whitepaper, the developers aim to make Pepe Chain 100 times faster than Ethereum.
It’ll also still be compatible with the Ethereum ecosystem, so traders won’t have to start from scratch.
Pepe Chain will even have a dedicated block explorer for tracking transactions.
Early investors flock to Pepe Unchained’s presale for staking rewards
Pepe Unchained is making its mark in the crypto presale space.
The project has just hit a significant milestone, pulling in $11 million in early funding.
That milestone has been accomplished in less than three months.
What’s fueling all this demand?
For one, PEPU tokens are currently priced at $0.0093477 each.
The Pepe Unchained presale is structured in stages, with that price changes as each stage sells out.
Additionally, Pepe Unchained’s presale also has a staking app.
This app offers estimated annual yields of 182% for PEPU holders – although that yield will decrease as more tokens are staked.
As it stands, more than 879 million PEPU tokens have already been locked up.
This combination of early access and staking rewards has caught the interest of many in the crypto community.
There are now over 6,300 people active in Pepe Unchained’s Telegram channel.
A further 12,000 are following the project’s Twitter page.
Smart contract audits & influencer endorsements boost confidence in Pepe Unchained
Pepe Unchained isn’t just riding on hype alone.
The team has done their due diligence, securing two smart contract audits.
SolidProof and Coinsult gave PEPU a clean bill of health, finding no issues with the token’s code.
These audits are public and available to view on Pepe Unchained’s website.
The project has also been catching the attention of crypto YouTubers.
Popular names like 99Bitcoins and ClayBro have given Pepe Unchained airtime, discussing its layer-2 goals and staking rewards.
These shout-outs have provided more visibility to the project.
As for what’s next, the developers are keeping their plans under wraps.
They’ve hinted at a DEX listing post-presale, with potential CEX listings after that, but details have yet to emerge.
However, to back these potential listings, they’ve set aside 10% of the total PEPU supply (800 million tokens) for liquidity.
A further 20% of the supply (1.6 billion tokens) will be used for marketing.
And there will even be an allocation of PEPU reserved for the mysterious “Project Finance” category.