A new Pepe-themed meme coin on its own Ethereum Layer 2 blockchain just launched this week called Pepe Unchained ($PEPU), taking in over $150,000 in investments within minutes.
Pepe Unchained has now raised over $220,000 as meme coin fans bundle in to take advantage of virtually unheard-of staking rewards of over 20,000% APY, alongside lower fees and 100x faster speeds for anyone transacting with $PEPU than its leading ERC-20 meme coin competitors.
There are just over 3 days left to purchase $PEPU at the lowest possible price of a fraction of a cent ($0.008) before the presale moves on to the next round. That means those who buy in now get the token at the lowest possible presale price.
Beyond the ICO, the token’s likely listing on exchanges could smash the ceiling on its potential appreciation, so for those who are curious, there may never be a better time to buy in than an initial investment of $100 bags 12,500 $PEPU.
Read on to find out how Pepe’s new Layer 2 token is rewarding its holders with more than just laughs and speculative potential.
You’ve Already Met Pepe, Now Meet Him Unchained
The original Pepe (ticker: $PEPE) is the third-biggest meme coin in crypto with a market cap approaching $5 billion.
Pepe’s avatar was established about four years before Bitcoin dropped in 2009 and gave the world crypto. He was originally a character in the webcomic Boy’s Club, designed by Max Furie and he was known for his catchphrase “feels good, man”.
The anthropomorphic frog then went on to become the star of memes, and even appeared in the 2019–2020 Hong Kong protests. Since $PEPE’s launch, other tokens inspired by Furie’s comic have dropped but none enjoyed quite the same success.
Still, the capitalization power of the webcomic has attracted billions of dollars. The recently launched Brett coin ($BRETT) corners $1.5 billion of the market while $PEPE imitator $PEPECOIN’s market cap approaches half a billion today.
Clearly, the appeal of these viral coins lies in their potential to blow sky-high. If you had bought $PEPE one year ago today, your stash would be up 1,100%. $BRETT holders that bought in 30 days ago are up nearly 200%. Meanwhile, diamond-handed $PEPECOIN HODLers are up an eye-watering 8,861% from this time last year.
So what sets $PEPU apart from the three Boy’s Club stalwarts? Well, to begin with, you don’t even need to hold on for dear life (HODL) to take advantage of its blistering returns, thanks to a proprietary Pepe Unchained Ethereum Layer 2 that currently offers stakers over 20,000% APY.
https://twitter.com/pepe_unchained/status/1803427007654666443
The Finer Details: $PEPU’s Layer 2 Capabilities and Tokenomics
Pepe Unchained presents the first Pepe token to run on its own proprietary Ethereum Layer 2 blockchain.
Ethereum is the most commercially important blockchain right now. This is thanks to a giant community of application developers and consumers who have together made the network the number one blockchain for decentralized finance (DeFi).
However, Ethereum is not without its problems. It can currently only process about 15 transactions per second (tps) which results in high network congestion and larger transaction fees.
To solve this bottleneck, many Layer 2 protocols have been created. Layer 2s sit on top of the main Ethereum network and process transactions independently on a side chain, before adding them to the Layer 1 blockchain ledger.
Famous Layer 2s include the Polygon network, represented by its native $MATIC token, which has a maximum recorded 429 tps, alongside Arbitrum ($ARB), which has posted high speeds of 598 tps.
Together, tokens underlying Layer 2 protocols have amassed a market cap of $22 billion and have collectively grown 4% overnight, according to CoinGecko data.
Now Pepe Unchained, or $PEPU, is the first meme coin to utilize this technology to give its holders a more enticing value proposition than any standard-issue meme coin. It’s a hundred times quicker and cheaper to transact with than Ethereum, and thanks to the improved scalability, which offloads work from the main chain, Pepe Unchained offers $PEPU stakers far greater rewards than Layer 1 meme coin counterparts.
The project arrives with a dedicated block explorer to see all transactions on the Layer 2. It also offers instant and low-cost bridging between Pepe Unchained and Ethereum’s Layer 1.
According to the project’s whitepaper, a fifth of the supply of 8 billion $PEPU is allocated to the presale, with a hefty 30% going towards staking. Another fifth is earmarked for the token’s marketing, while the remaining 30% is split equally between DEX liquidity, project development and the Pepe Unchained Layer 2 treasury.
Got FOMO? Learn more about Pepe Unchained from the project’s official X and Telegram accounts.
Join the Pepe Unchained presale now over on the official website.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital
