A new project is drawing attention by combining two current trends in the crypto market: meme coins and layer-2 scaling solutions.
Pepe Unchained (PEPU) has raised over $15 million in its presale - promising faster and cheaper transactions for meme coin traders.
Pepe Unchained’s $15M+ presale success
Pepe Unchained’s presale began in July and has been a high-profile event.
It has raised $15.3 million in funding so far.
The presale allows investors to purchase PEPU tokens at a fixed price of $0.000985 before they hit the open market.
Excitement is building on Twitter and Telegram about PEPU’s price potential.
The developers have revealed that a DEX listing will take place after the presale, followed by a CEX listing if all goes to plan.
They’ve also set aside 7.5% of the token supply for initial liquidity.
Crucially, the team has made getting involved in the Pepe Unchained presale as simple as possible.
All that’s required is a crypto wallet (like MetaMask) and some ETH, USDT, BNB, or a credit card.
Once the presale is over, participants can claim their purchased PEPU tokens.
However, there’s also the option to stake these tokens while the presale is still live.
This setup allows investors to generate more PEPU before the official launch.
Building Pepe Chain – a layer-2 network for meme coins
Pepe Unchained’s team aims to distinguish PEPU from other meme coins.
They are building a layer-2 network specifically for these coins, dubbed “Pepe Chain.”
It offers instant bridging to Ethereum, reduced transaction fees, and increased speeds – up to 100 times faster than Ethereum.
The team is even developing a custom-built DEX for the Pepe Chain.
And they’ve recently announced a developer grant program called “Pepe Frens with Benefits.”
Developers who want to build on the Pepe Chain can apply for grants and be rewarded for their work.
Developers get funding and support through this setup, while Pepe Unchained grows its ecosystem.
Applications will open in Q4 2024.
Unsurprisingly, Pepe Unchained’s setup has caught the crypto community's attention.
CoinSniper has ranked Pepe Unchained second on its list of presales to watch.
And YouTuber Austin Hilton, who has over 270,000 subscribers, just released a video discussing the token’s future.
Pepe Unchained’s tokenomics, audits, & the layer-2 network demand
Pepe Unchained’s tokenomics structure is drawing attention.
40% of the total 8 billion supply has been reserved for presale buyers, 30% for staking rewards, 10% for marketing, and the remainder split between liquidity, development, and chain inventory.
Coinsult and SolidProof, two top blockchain security firms, have also audited the project.
Their audits found no critical issues and can be viewed on the project’s website.
It’s uncommon for a new meme coin to focus on security to this extent – and Pepe Unchained’s community seems to be taking note.
Another reason for the excitement around Pepe Unchained is the state of the layer-2 sector itself.
2024 has been a successful year for these solutions, with Arbitrum and Base leading the way.
Investors have now locked over $37 billion in these layer-2s.
That represents a 226% increase from this time last year.
This trend of more demand for scaling solutions is a positive sign for new projects like Pepe Unchained.
That’s why many investors are monitoring PEPU’s presale as we prepare to enter the final three months of the year.