Bitcoin Pepe has raised $2.7m since opening its presale on the 11th of February, with its vision to build ‘Solana on Bitcoin’ driving strong interest.
The concept is straightforward: enable high-speed, low-cost transactions on Bitcoin and replicate the Solana growth story by bringing meme coin trading to one of crypto’s most established and secure networks. The PEP-20 token standard is the tool that could pave the way for memes to establish a strong presence on Bitcoin.
Building a meme layer on Bitcoin is a significant challenge. Read on to discover how Bitcoin Pepe plans to make this a reality.
Bitcoin Pepe: Bringing memes to Bitcoin
It is no secret that the success of meme coins has been a major driver of Solana's growth this cycle. Market trends consistently highlight what retail traders are after - fast and low-cost transactions and assets with high upside potential. Bitcoin Pepe is the Layer 2 that intends to transform Bitcoin into a meme coin creation and trading hub.
The protocol seeks to merge the Solana user experience with Bitcoin’s unparalleled security. This approach tackles two key challenges at once: enhancing Bitcoin scalability to expand its utility beyond just the store-of-value use case and tapping into the vast pool of dormant capital on the network.
Bitcoin Pepe wants to become the project bridging institutional-grade security and retail-driven meme mania. It provides all the tooling to facilitate this movement with plans to build out a native decentralized exchange and the PEP-20 token standard which will enable anyone to issue tokens on Bitcoin natively.
Introducing the PEP-20 token standard: Tokenizing Bitcoin
The big breakthrough for Bitcoin Pepe is the PEP-20 token standard. Ethereum’s ERC-20 token standard was a central catalyst in ETH’s early growth. Allowing users to create tokens on the network was a core economic primitive that drove an incredible volume of long-tail growth.
Bitcoin Pepe seeks to replicate this success, but instead of a gas-intensive model, transactions will be cheap, while still ultimately settling on Bitcoin. Tokens launched via the PEP-20 model inherit Bitcoin’s base layer security and potentially benefit from a significant influx of liquidity through the Bitcoin Pepe bridge, which will allow BTC to migrate to the network.
The ultimate goal of PEP-20 is to kickstart a meme migration, with new memes launching directly on Bitcoin instead of Solana, which has been the king of meme coin activity this cycle.
Bitcoin Pepe token utility and future
Crypto investors have always loved infrastructure tokens because of the natural demand when the network becomes popular. SOL is up more than 800 times from its ICO price because demand to transact on the network equates to buying pressure.
BPEP will be the native gas token for the layer 2. 1.05 billion tokens are available in the presale—50% of the total supply—with strategic allocations to support long-term growth, including 15% to stakers, 10% to liquidity, 10% to marketing, 10% to development, and 5% held by the Treasury.
Set to launch in Q2, Bitcoin Pepe capitalizes on Bitcoin’s growing dominance as an asset while providing the infrastructure to deliver a more retail-friendly trading experience. Scaling Bitcoin is a significant market opportunity, and Bitcoin Pepe is the world’s first meme ICO seeking to upgrade Bitcoin’s trading utility.
Currently available for $0.0243 with each of the 30 stages featuring a 5% price increase.
To learn more about Bitcoin Pepe, check out the Official Website.