The post Pepe Unchained ICO Raises $15M, Launches Developer Grants Amid Growing Whale Activity appeared on BitcoinEthereumNews.com.

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . The Pepe Unchained (PEPU) ICO – one of the biggest crypto presales of the year – has announced its “Frens With Benefits” grant program, rewarding developers building on its layer 2 blockchain. This led to a critical surge of whale activity, with a $26,000 purchase made after another whale bought $56,000 in PEPU on Wednesday. Retail investors backed this up, with the ICO now having raised $15 million. Developers will get their chance to apply for PEPU’s grants in Q4 of 2024. The goal of this is to launch the token to an already populated ecosystem, and stress-test PEPU’s infrastructure. PEPU Solves Ethereum Problems Encouraging Innovation PEPU is built on the premise of unchaining PEPE, its predecessor, from the inherent issues ETH meme coins face. Namely, ETH has slow transactions (12-15 per second) and its gas fees can eat into traders’ and investors’ profits. PEPU provides 100x faster speeds at a fraction of the gas fees, and a dedicated block explorer to boot. This makes meme coin development easier and makes for a more enjoyable and profitable time for traders and investors. The Pepe Frens With Benefits program serves to put this to the test. These will be the first tokens and dApps to roll out on the PEPU layer 2. To apply, developers will just need to build and submit a project, and the Pepe council will vote on if they’ll be selected for a grant. It’s essential that we equip developers with all the necessary tools—comprehensive guides and financial support—to build outstanding dApps. In Q4, we’ll officially open grant applications…

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Filed under: News - @ September 24, 2024 3:28 pm