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Pepe Unchained raises $13M in a top ICO, aiming to tackle Ethereum’s slow speeds and high fees with a memecoin Layer-2.
One of the biggest ICOs of the year, Pepe Unchained (PEPU), has hit a new milestone by raising $13 million.
Pepe Unchained wants to fix the problems that Ethereum-based tokens often have with slow processing times and high gas fees by making a memecoin with its own Layer-2 solution.
Early buyers have a limited-time opportunity to grab PEPU for just $0.009651 at press time – the next price increase will be in less than 12 hours.
How Pepe Unchained is solving Ethereum’s scalability issue
Pepe Unchained’s ‘Pepe Chain’ is a new Layer-2 solution built on Ethereum to solve its speed and cost problems.
It’s a well-known fact that Ethereum is relatively slow and expensive because it only handles 15-20 transactions per second.
This is a major pain point, especially when the network gets busier. The Pepe Chain aims to make transactions up to 100x faster and much cheaper.
Since it is built on Ethereum, it will be possible to achieve this while still working with Ethereum’s ecosystem.
This is great news for memecoin lovers as Pepe Chain fixes Ethereum’s problems while making memecoins more practical and fun.
It helps memecoins solve real-world problems without losing their playful spirit.
In addition, the platform’s “instant bridging” feature lets users quickly transfer assets between networks.
It also has a dedicated block explorer that allows users to track transactions easily, something that no meme coin has entirely pulled off yet.
Thus, many people in the Pepe Unchained Telegram group think that Pepe Chain could redefine the DeFi ecosystem if the developers can make it work.
Early PEPU buyers can get a 155% APY on staking
The platform has already made it evident that it isn’t just about faster transactions. It wants to reward early supporters by offering them a “double staking” feature.
At the time of writing, early buyers can capitalize on a high APY of around 155%. It’s worth noting that this APY will keep decreasing as more investors enter the staking pool.
With over 1 billion PEPU tokens already staked thus far, early investor trust and confidence in this memecoin is quite evident.
This is especially impressive because it reached this milestone even before officially launching.
Moreover, such a high APY will encourage investors to hold PEPU longer as the staking rewards will be distributed over 2 years.
The memecoin’s mascot is the popular Pepe Frog, which has helped the token create relatability and connect with investors.
As a result, it has already attracted over 13.8K followers on its X (formerly Twitter) account.
Final chance to buy PEPU before DEX listings
Pepe Unchained is already going viral in the memecoin community, having raised $13m, and is showing no signs of slowing down.
Investor excitement has peaked as many expect the memecoin to explode in its upcoming DEX launch.
Many popular analysts and YouTubers, like Zach Humphries, have highlighted the project’s potential as a promising Pepe alternative.
It’s worth mentioning that Pepe Chain will have to deal with tough competition in the Layer-2 space because networks like Base and Blast are becoming quite popular in 2024.
There’s enough room for new projects in this growing market, which has $34B+ in total value locked (TVL).
Pepe Unchained is the first Layer-2 solution made just for memecoins, which could give it an edge over other platforms.
As the native token of this network, PEPU could see increased demand as more people use it.
Early buyers still have a chance to buy PEPU for a presale price. Interested investors can get each token for just $0.009651 at press time.
However, this price will likely surge in less than 12 hours in the upcoming presale round. The platform lets you buy PEPU with ETH, USDT, BNB, or a credit or debit card.
Platforms like Coinsult and SolidProof have audited the token’s smart contract, and no major defaults or problems have been observed.
For more information, visit the Pepe Unchained presale website.
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