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PEPENODE Introduces Virtual Crypto Mining System and Raises $2.1 Million
PEPENODE has successfully raised over $2.1 million during its presale phase, a significant achievement given the current macroeconomic conditions. This indicates a strong interest from investors in infrastructure projects that are accessible to the average user, as the anticipation for the launch grows.
"This is a sign that investors are looking for infrastructure projects that are accessible to the average user," noted industry analysts.
The developers of PEPENODE are shifting from physical rigs to a virtual "Mine-to-Earn" system, which has garnered attention in the market. This innovative approach allows users to purchase digital "Miner Nodes" using PEPENODE tokens, generating hash power that determines their share of daily rewards.
Get $500 free Bitcoin mining for a free testing phase:
- Real daily rewards
- 1 full month of testing
- No strings attached
If you choose to buy after testing, you can keep your mining rewards and receive up to 20% bonus on top.
Source: CryptoDnes.bg
Key Insights:
- PEPENODE raised $2.1 million in presale.
- Shift from physical mining to a virtual system.
PEPENODE's Unique Tokenomics and Market Strategy
PEPENODE's system is designed to consume its own token supply, with approximately 70% of tokens spent on upgrades sent to a burn address. This mechanism has been praised by crypto analysts for potentially creating an artificial supply shock, linking the gameplay directly to token burning.
Michael Wrubel, a crypto analyst, highlighted that this feature could lead to a deflationary effect, where increased activity results in a reduced token supply, benefiting all players involved.
Source: CryptoDnes.bg
Key Insights:
- 70% of tokens used for upgrades are burned.
- Potential for a deflationary effect on token supply.
PEPENODE's Roadmap and Future Prospects
PEPENODE's presale revenue of over $2 million is particularly impressive amid a broader market downturn. The project has opted for a multi-stage public sale, avoiding private VC deals to ensure a fair launch with gradually increasing prices.
Currently, most buyers are staking their PEPENODE tokens, with estimated yields of 594% per year, providing a strong incentive to hold rather than sell immediately. The roadmap indicates that the Token Generation Event (TGE) is planned for late this year or early next year, followed by listings on decentralized and possibly centralized exchanges.
Source: CryptoDnes.bg
Key Insights:
- PEPENODE aims for a fair public sale structure.
- Estimated staking yields of 594% per year.
PEPENODE's Approach to Meme Coins and Market Sustainability
PEPENODE seeks to address the inherent weaknesses of meme coins, which often lack substance and rely heavily on hype. By adding utility to its token, which is necessary for participating in the Mine-to-Earn game, PEPENODE creates continuous buying pressure among players.
This utility-driven approach is seen as a safer long-term strategy compared to pure speculation, as it reduces the circulating supply while maintaining organic demand. The challenge remains whether PEPENODE can sustain its presale momentum and translate it into long-term market value.
Source: CryptoDnes.bg
Key Insights:
- PEPENODE adds utility to its token to combat meme coin volatility.
- Focus on sustainable long-term market value.
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