With MemeCore on Fire, PepeNode’s Mining Utility Meme Coin Could Be Next
This content is provided by a sponsor
MemeCore, the Layer 1 for Meme 2.0, could be the harbinger of strong take up for the unique mine-to-earn meme coin PepeNode (PEPENODE), which is the perfect market fit for the emerging ‘utility meme coin’ paradigm.
The MemeCore (M) price is 16% higher today at $0.9672 and is up 126% in the past seven days. Meanwhile, PepeNode has raised $558,459 for its virtual mining project, where you buy meme nodes, upgrade facilities, and earn meme coins in the process.
Earning rewards triggers burns of token supply in PepeNode’s gamified mining system, making the economics deflationary. That means your tokens become more scarce over time, underpinning their value.
So what is MemeCore all about and why does it matter for PepeNode and its gamified meme coin reward-generating virtual mining protocol?
MemeCore Reaches $1B Market Cap – PepeNode Could Be Next
MemeCore is an Ethereum-compatible Layer 1 blockchain secured by what the project describes as a Proof-of-Meme consensus mechanism.
The team behind MemeCore thinks that meme coins derive their value from a trifecta of properties: currency, governance and creative expression.
PepeNode fits into this view perfectly as the native currency of a virtual mining ecosystem, as well as being a governance token that enables network participants to have a say over how the platform develops.
Furthermore, PEPENODE’s tokenomics are specifically designed to underpin the creative impulses of meme coin aficionados with a solid rewards ecosystem.
There are echoes of PepeNode’s staking system in the approach of MemeCore, even though the latter takes a Layer 1 route.
MemeCore has a billion dollar valuation and its M token has risen 126$ in the past seven days. Source: CoinMarketCap
MemeCore unlocks cross-chain staking via validator delegation mechanics, allowing users to earn both M and ERC-20 tokens as a reward for contributing to network security.
As an open platform, MemeCore’s mission is to build out a space where meme communities can easily explore the full potential of Web3 development. Again, this fits well with what PepeNode is building – crypto’s first and only mine-to-earn meme coin.
As with MemeCore, at the heart of the utility offering is staking. In the case of PepeNode, even though it is in presale, you can start staking as soon as you purchase the token. This makes it very different from other presales, where the actual product is typically yet to see the light of day.
PepeNode’s Tiered Node System Rewards Early Adopters
With PepeNode, by buying early you get access to the tiered-node rewards built into the mine-to-earn staking system, which bestows the first tier of tokens with greater reward-generating power than those acquired at a later date.
This design forethought doesn’t just incentivize early adoption, but it also guards against johnny-cum-lately whales from having a disproportionate influence on network dynamics.
At the time of writing, staking rewards return 2,913%. The distribution of PEPENODE token rewards is at a rate of 3,001 PEPENODE tokens per produced ETH block. The rewards are disbursed over a two-year period.
PepeNode token is currently priced at $0.0010407, but there are less than 48 hours to go before the price ladder moves up a notch.
There are rumors that PEPENODE will soon win a coveted position in the Upcoming Tokens feature of the Best Wallet app, where hot below-the-radar coins are listed before launching on exchanges. That’s sure to turbocharge contributions to this presale, so it will pay to get in early to secure exposure at the lowest possible price.
8 Key Reasons PEPNODE Stands Out as a Unique Value Proposition
The project provides a raft of reasons why PepeNode token is at the cutting-edge of a new trend in meme coins. You should start doing your due diligence now – here’s eight good reasons to take PepeNode seriously:
Gamified Virtual Mining: Users acquire Miner Nodes and Facilities to simulate mining in a visually rich dashboard (hashrate, energy, rewards)
Tiered Node Rewards: Early nodes mine more, encouraging early adoption
Presale Utility: Users engage in an off-chain mining game before TGE, earning rewards and building loyalty
Deflationary Mechanics: 70% of PEPENODE used for upgrades is burned to reduce supply
Referral Boosts: 2% of mined rewards go to referrers, driving organic growth
To purchase PEPENODE before the crowd, head over to the PepeNode presale site. You can pay with ETH, BNB, and USDT (ERC-20 and BEP-20) as well as credit or debit cards.
PepeNode’s smart contract has been comprehensively audited by Coinsult and there are no critical issues.
Get involved with the PepeNode community on X and Telegram for the latest product developments and news.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
SPX6900 stablemate TOKEN6900 (T6900) will list today on decentralized exchanges at 2pm UTC for possible rapid gains as the crypto market prepares to explode.
