Pepe Unchained (PEPU) is drawing praise this week by passing the $10 million mark in its ongoing presale.
This frog-themed project focuses on layer-2 technology – aiming to deliver faster (and cheaper) transactions than Ethereum.
PEPU presale passes $10M as investor demand ticks up
Pepe Unchained’s presale has gained traction in recent weeks.
It has now raised over $10 million in funding and reached second on CoinSniper.net’s trending list.
Currently, PEPU tokens are available at $0.0092634 each.
Participating in the presale is straightforward.
Pepe Unchained’s team accepts ETH, USDT, BNB, and credit/debit card payments.
Investors only need a crypto wallet, like MetaMask or Coinbase Wallet, to participate.
According to Pepe Unchained’s whitepaper, the team has allocated 20% of the total 8 billion supply for the presale, with an additional 10% set aside for initial liquidity post-presale.
While no specific end date has been announced, the developers are planning a DEX listing once the presale concludes.
And once it ends, participants can claim their tokens using the same wallet used for purchase, simplifying the process.
The buzz around Pepe Unchained isn’t confined to the presale, though.
The project’s Twitter page has just reached 11,400 followers, while its Telegram channel is also experiencing a surge in activity.
Pepe Chain & staking protocol form Pepe Unchained’s layer-2 ecosystem
Pepe Unchained aims to set itself apart from other meme coins with its technological offerings.
The project is developing a layer-2 network called the “Pepe Chain.”
This network will offer enhanced transaction speeds and reduced fees, while still being compatible with the Ethereum blockchain.
Pepe Unchained’s team claims the Pepe Chain will be 100 times faster than Ethereum.
Plus, it will offer instant bridging between the Pepe Chain and Ethereum, along with a dedicated block explorer for transaction tracking.
Pepe Unchained will also feature a staking protocol for PEPU holders.
Investors have an option to begin staking even during the presale period.
At the time of writing, annual yields are estimated at 198%.
However, those yields will decrease as more PEPU tokens are staked, rewarding the earliest participants.
Growing interest in layer-2 solutions boosts Pepe Unchained’s momentum
Pepe Unchained is also attracting attention because it aligns with the growing interest in layer-2 solutions.
As of August 2024, layer-2 networks have seen a significant increase in total value locked (TVL), reaching $37.1 billion.
That’s more than three times the amount from the same period last year.
And early investors believe Pepe Unchained could be well-positioned to capitalize on this trend.
Pepe Unchained’s team has also taken steps to establish credibility.
They’ve obtained audits from Coinsult and SolidProof, helping to boost the project’s transparency and security.
These audits found no issues with PEPU’s smart contracts.
The project is now gaining traction on social media, with YouTubers like ClayBro and Austin Hilton featuring PEPU in their content.
This exposure has helped introduce the token to a broader audience.
All in all, as Pepe Unchained gears up for its launch later this year, there’s growing buzz about its potential market impact.
The project’s alignment with current trends in the blockchain space and its efforts to boost investor safety are contributing to the interest around its upcoming debut.
It’s one that many are watching as we enter the final few months of 2024.