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Retail investors love Pepe Unchained’s (PEPU) fresh take on the meme coin model.
This new project has just passed the $5 million mark in presale - capitalizing on the interest in its layer-2 blockchain plans.
Pepe Unchained presale hits $5M milestone
Hitting $5 million is a significant milestone for Pepe Unchained considering its roadmap has only just begun.
At the time of writing, PEPU tokens are priced for $0.0086304 each during the presale.
Pepe Unchained’s presale uses a stage-based structure, so the price of PEPU will rise over time.
Would-be investors can swap ETH, USDT, or BNB for PEPU, and can also use a credit/debit card.
Purchased tokens can then be claimed once the presale phase ends.
The developers plan to list PEPU on a decentralized exchange after the presale, but no specifics have been revealed.
According to the project’s whitepaper, 10% of the total supply (800 million PEPU) will be used to provide initial liquidity.
A 20% chunk (1.6 billion PEPU) will also be deployed for marketing.
And since Pepe Unchained’s smart contracts have been audited twice, by Coinsult and SolidProof, investors can rest assured that the project’s security measures are reliable.
How Pepe Unchained plans to revolutionize meme coin transactions
Pepe Unchained is building its own layer-2 network to solve some of the headaches plaguing Ethereum-based meme coins.
But what is a layer-2 network?
Think of it as a “fast lane” alongside a busy highway.
By opening up this fast lane, traffic can move more easily.
That’s essentially what Pepe Unchained’s layer-2 network will be, but for Ethereum.
In real terms, this means transactions on the network should be quicker (and cheaper) for traders/investors.
For example, where a trade on Ethereum might cost $10 in gas fees, the same move on Pepe Unchained might cost just a few cents.
And be completed in milliseconds.
This layer-2 approach isn’t just about speed and savings, though.
It could also allow for more complex features, like a DEX exclusively for meme coins.
The crypto community seems excited by this prospect, with more than 3,600 people now active on Pepe Unchained’s Telegram channel.
Pepe Unchained’s Twitter page has also grown to over 8,400 followers,
Double staking & clear roadmap help boost interest in PEPU
Pepe Unchained will have a double staking feature, allowing investors to compound their returns.
Right now, these rewards are estimated at 370% per year.
Over 432 million PEPU tokens have been staked since the double-staking feature went live.
However, the annual yield will decrease as more tokens are pledged.
Like the presale price, those who get in early will get a chance to reap the most rewards.
Looking ahead, Pepe Unchained’s roadmap is interesting.
It’s crude, but it conveys that the team is in it for the long haul rather than just a quick cash grab.
They plan to launch their layer-2 blockchain at the end of the presale, although no specific date has been announced.
Ultimately, Pepe Unchained is the only meme coin building a layer-2 network, which is a key selling point.
If the developers can keep their promises, Pepe Unchained could be one to watch in the second half of the year.