Pepe Unchained is a cryptocurrency aiming to be the king of meme coins. It has its own layer-2 blockchain built on Ethereum, promising faster speeds and lower fees than the standard Ethereum network. Their token, $PEPU, can be placed and used within their ecosystem.
With features like instant transfers between Ethereum and Pepe Chain, they are aiming to create a user-friendly and profitable experience for investors. It was launched on April 17, 2023. This blog is a complete guide for you about what is pepe unchained and what are the benefits of using $PEPU tokens.
What is Pepe Unchained?
Pepe Unchained is a project with two main aspects:
- Meme Coin: $PEPU is a cryptocurrency built on a Layer 2 blockchain on top of Ethereum. This means it aims to combine the popularity of meme coins with the faster transaction speeds and lower fees of Layer 2 solutions.
- Blockchain Technology: The Pepe Unchained blockchain itself is designed specifically for meme coins, promising faster and cheaper transactions compared to the Ethereum network.
How to buy Pepe Unchained?
Pepe Unchained is currently in its presale stage, meaning you can buy their token ($PEPU) before it’s officially launched. Here’s a simplified guide on how to buy it:
Create a Crypto Wallet:
If you don’t have one already, you’ll need a crypto wallet to store your $PEPU tokens. A popular option is MetaMask, which is suitable for the Pepe Unchained presale.
Fund Your Wallet with Crypto:
Pepe Unchained accepts Ethereum (ETH), Tether (USDT), and Binance Coin (BNB) for the presale. You can buy these cryptocurrencies on a crypto exchange like Coinbase or Binance and then transfer them to your wallet.
Connect to the Presale Website:
Go to the Pepe Unchained website and explore the presale section. Connect your crypto wallet to the website.
Buy $PEPU Tokens:
Choose the cryptocurrency you want to use to buy $PEPU, enter the amount you want to invest, and confirm the transaction. There might also be an option to stake your tokens for potentially higher rewards.
Benefits of using $PEPU Token
The benefits of using $PEPU tokens can be broken down into a few categories:
- Potential for Value Increase: Like many meme coins, $PEPU relies on its popularity and community to grow its value. The tokenomics include a burning mechanism where a small percentage of tokens are destroyed with each transaction. This reduces the overall supply, which could theoretically increase the value of each remaining token.
- Community and Engagement: $PEPU fosters a strong community through its features. A redistribution system shares a portion of each transaction with existing token holders, rewarding users for participating and holding onto their tokens.
- Potential Use in Decentralized Applications (dApps): Some $PEPU projects, like PepeSwap, are built on the token, allowing it to be used within those applications.
Pepe Unchained Tokenomics
Total Supply: Pepe Unchained has total supply of 8 billion $PEPU tokens.
Here’s is an overview of the pepe unchained allocation:
Allocation:
- Presale: 20% (allocated for early investors)
- Staking Rewards: 30% (used to incentivize users to participate in staking)
- Marketing: 20% (funds for promoting Pepe Unchained)
- Liquidity Provision: 10% (ensures smooth trading on exchanges)
- Project Finance & Chain Inventory: 10% (split between project development and reserves)
Pepe Unchained Token Utility
Pepe Unchained ($PEPU) token is designed to offer both the fun and potential gains associated with meme coins, along with real-world utility through its own Layer-2 blockchain. Here’s a quick summary of its utilities:
- Powering the Pepe Unchained Ecosystem: PEPU serves as the fuel for the entire Pepe Unchained ecosystem. This means you’ll need PEPU to interact with various features and applications built on the platform.
- Faster and Cheaper Transactions: One of the main advantages of Pepe Unchained’s Layer-2 blockchain is that it enables quicker and more affordable transactions compared to the Ethereum network, which is known for traffic and high fees.
- Staking Rewards: PEPU holders can stake their tokens to earn rewards. The current staking rewards offered by Pepe Unchained are reportedly high, but it’s important to do your own research to confirm and understand the associated risks.
- Potential for Price Increase: As with any meme coin, there’s the possibility of PEPE’s value rising due to hype and increased adoption.
Which factors Influence the price of Pepe Unchained?
Several factors can influence the price of Pepe Unchained ($PEPU):
- Meme Narrative: Pepe Unchained uses the popularity of meme coins, a currently profitable trend in the crypto market. Strong meme culture and community backing can significantly impact its price.
- Utility and Functionality: Beyond the meme, features like staking, low-fee transactions, and combining functionalities can attract users and increase demand for $PEPU, influencing its price.
- Overall Crypto Market Performance: The general sentiment and performance of the cryptocurrency market can affect $PEPU. If the market experiences a bull run, $PEPU’s price is likely to rise alongside other cryptocurrencies. Conversely, a bear market could see its price decline.
- Staking Rewards: Pepe Unchained offers high staking rewards, currently at 22,509%. This can encourage users to hold onto $PEPU, reducing circulation and potentially pushing up the price.
- News and Updates: Significant news or updates about the project, like new partnerships or integrations, can generate excitement and increase demand for $PEPU, impacting its price.
Why should people consider investing in Pepe Unchained?
Here are some reasons why people might consider investing in Pepe Unchained ($PEPU):
- Faster, cheaper transactions: Pepe Unchained utilizes its own Layer-2 blockchain, designed for faster and cheaper transactions compared to other blockchains, especially Ethereum. This could attract users frustrated with high fees on other platforms.
- High Staking Rewards: Pepe Unchained offers staking rewards, a way to earn passive income by holding the coin. Currently, the yields are high, though they are expected to decrease over time.
- Potential for Growth: As a new meme coin with a strong community and ambitious plans, some believe it has the potential for significant price growth. However, this is a risk to the future popularity of the coin.
FAQs
Conclusion
In conclusion, Pepe Unchained is a meme coin project built on its own Layer-2 blockchain, aiming to combine the fun and potential gains of meme coins with the faster transaction speeds and lower fees of Layer-2 solutions.
While Pepe Unchained offers functionalities like staking and potentially high rewards, it’s important to remember that it’s a new project in a volatile market. Investors should carefully consider their risk tolerance and conduct their own research before investing in $PEPU.