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Pepe Ascension is shaking up the meme coin space with Ethereum Layer 2 speed, unique branding, and real utility.
Table of Contents
Meme coins are a dime a dozen, and the market is flooded with a new variety of mischievous-looking animated characters every few days. Trump on Wheels? Cat with Bag? That’s just a regular Tuesday in the crypto world. But most of these meme projects have little to no utility and tend to fade into obscurity after their 15 minutes of fame.
However, not all projects fall into the category of transient relevance. A new entrant in the meme market, Pepe Ascension, seems to subvert the usual expectations around a frog-themed meme coin, creating fascinating new lore with strong use cases. Pepe Ascension is a rapidly growing layer 2 project built on Ethereum. But is it really that different from the various frog or dog meme projects out there? Read on as we analyze this new meme coin ecosystem.
Overview
Project Name: Pepe Ascension
Service: Meme coin ecosystem with Layer 2 scalability
Sector: Cryptocurrency, Meme Coins
Token: PEAP
Maximum Supply: 8,000,000,000 Tokens
About Pepe Ascension
Pepe Ascension (PEAP) is a new Layer 2 solution on Ethereum. The project aims to take the legendary meme coin PEPE to the next level. With low fees, lightning transactions, and a strong community, the platform has managed to gain considerable attention among investors looking for interesting new projects to venture into.
With the claims that it will be the fastest, most efficient layer-2 ecosystem in the crypto space, Pepe Ascension has created much hype around its launch. The project’s robust ecosystem and meme allure have caused investors to want to know more about the frog-themed platform. Let’s explore some of its features.
Key features
Unique theme: While there are several projects with frog-themed mascots, Pepe Ascension is a step above the rest. This meme coin project features a frog with ancient Egyptian vibes, which we must admit is quite different from what floods the market.
In the Pepe Ascension lore, Pepe is a fearless adventurer who discovers a map that promises “infinite riches.” After a long and grueling journey, he arrives at an empty beach, where he unexpectedly awakens a genie from a jar. When Pepe asks about the riches, the genie smirks and replies, “You build them on ETH!” Inspired by this revelation, Pepe creates the fastest and most efficient Layer 2 ecosystem, Pepe Ascension. If this isn’t a fun backstory for an intriguing new project, we don’t know what is.
Built on ETH Layer 2: Pepe Ascension is built on Ethereum Layer 2. The meme coin ecosystem is designed to redefine crypto transactions with smart new technology and unrivaled speed. With instant and low-fee bridging, it will enable seamless connections between ETH and PEPE Chain for effortless swaps. Through low transaction fees and lightning-fast transactions, users can gain access to cost-effective transactions and instant confirmations. The project also boasts massive volume capacity. It is 100x faster than ETH, scaling effortlessly to meet growing demand.
Pumpad Feature: One of the most interesting features in the Pepe Ascension platform is the Pumpad feature, where users can create their own meme coins in just two clicks. Users do not need to know coding or have advanced tech capabilities to access this feature. PEPE Pump Pad is an all-in-one platform for launching meme coins with ease and security. With its two-click launch process, secure anti-rug features, and profit-focused tools, PEPE Pump Pad ensures anyone can create and pump their own projects effortlessly.
Cashback: Pepe Ascension has an exciting Cashback policy as well. Users that engage with the Pepe Ascension ecosystem can earn 5% PEAP commission when friends buy through their referral link. This promotes community-driven growth and user engagement.
Staking Rewards: Pepe Ascension users can enjoy 40% annual rewards with a 7-day staking period. All stakes are securely locked for a seven-day period, ensuring the stability of the staking pool. Early unlocks are possible by burning part of the stake.
Tokenomics
PEAP is the token for the Pepe Ascension project. The tokenomics are structured to support long-term growth and engagement, with a total supply of 8,000,000,000 tokens. The largest allocation, 47.5%, is set aside for project development to build a strong foundation and ensure smooth chain operations. Another 30% is set aside for staking and rewards to ensure a stable trading environment. Marketing receives 10%, liquidity is allocated 7.5%, while the team is provided 5%.
Roadmap
According to the roadmap detailed on the official website and the whitepaper, Pepe Ascension’s roadmap has three phases.
Phase 1: Pepe begins his journey by breaking free from the outdated Layer 1 ecosystem in the first phrase or “The Awakening.” With the power of Layer 2 technology, the groundwork is set. This phase includes the PEAP token launch, marking the genesis of the Pepe ecosystem. A strong community-building initiative will establish a network of early supporters, while strategic partnerships with key players will help solidify the foundation.
Phase 2: In this phase, termed “The Great Eruption,” the team aims to spread awareness about the project. An exclusive presale will reward early adopters with unique benefits. Staking rewards will be introduced, doubling incentives to drive ecosystem participation. And lastly, community engagement efforts will include viral campaigns and meme-centered events.
Phase 3: This final phase, called the “The Ascension to Layer 2”, will unveil the Layer 2 blockchain, marking a monumental leap towards scalability, speed, and success.
Major milestone achieved
Marking an important milestone in the journey of this emerging new meme project, Pepe Ascension officially surpassed the $1 million mark in its presale. This achievement reflects the project’s rapid growth and potential in the meme space. As the presale moves through Phase 2, token prices are expected to increase with each tier. This quick growth gives early buyers an advantage.
Pros and cons
Pepe Ascension has a list of factors that work in its favor, from high-speed transactions to low fees. Its unique branding, Pumpad feature, and rewards all add to the Pepe Ascension allure.
However, the project does have its drawbacks. For one, it’s a meme coin and is prone to extreme volatility. Secondly, in a saturated market overflowing with frog-themed projects, it will take a lot to stand out. Third, the project is still in its infancy, and it remains to be seen how many of its promises the project can fulfill.
Public review
Pepe Ascension is undoubtedly an interesting project with unique branding. But how does the public feel about Pepe Ascension? On the ICO holder website, Pepe Ascension scores 3.87 and has been stamped with the “Stable” verdict. Our verdict: 4 on 5.
Conclusion
PEPE Ascension is a meme coin ecosystem on Ethereum Layer 2. It has been designed for fast and low-cost transactions, and the platform offers instant bridging between ETH and PEPE Chain for easy swaps. Additionally, with ultra-low fees and 100x the speed of Ethereum, it handles high volumes effortlessly. PEPE Ascension is undoubtedly an interesting project with unique branding.
To learn more about Pepe Ascension, visit its official website and socials.
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This article first appeared at crypto.news
