The arrival of Pepe in early 2023 caused a meme coin tsunami, a meme coin mania, if you will, that pushed the meme coin space to higher market caps at a time when the market wasn’t doing too well. While the token has continued to generate interest among the crypto community thanks to its top-tier memes and constant social commentary, that’s where the perks of the token end.
The token’s “long-term” value only depends on how long the community can care about this meme coin. And with no technology or optimization phenomenon in sight, Pepe’s potential may disappear very soon.
Enter Pepeto, a new meme coin with the added advantage of use cases. Implementing T for technology and O for optimization, this meme coin has enamored many via its presale, which has raised upwards of $3.2 million to date. But will that be enough for this meme coin to topple Pepe?
Summary
Pepeto is the God of Frogs, Focusing on Utility
The official website of Pepeto describes the token as the god of frogs. The mascot of this project is dressed like Pepe, with the addition of a beard and a wizard staff that makes it look akin to Gandalf. However, subtle Lord of the Rings reference aside, this mascot has already woven an intricate lore that sets it apart from standard meme coins.
A Traveler from the Past, Pepeto is Thousands of Years Old
According to the official whitepaper, Pepeto was one of the Anunnaki, gods of the ancient civilizations who created humanity as we know it. His journey to bring more knowledge to the world took him through the ages to different countries from where he collected sacred texts, each signifying power one needs to evolve.
The final two texts, technology and optimization, are how it sets itself apart. The main goal of Pepeto here is to push the Pepe narrative toward a more utility-centric direction. With proper implementation of technology through optimization, the Pepeto ecosystem can evolve to encompass all who aim to dive into the crypto economy in a more meaningful way.
Focusing on a Multi-Faceted Ecosystem
Pepeto is in the process of creating a strong ecosystem whose perks encompass multiple facets of the cryptocurrency space. Here is a peek into a few of them:
- Staking – Unlike Pepe, Pepeto has been designed with the idea of providing long-term perks from the ground up. It has implemented staking recently, allowing holders to earn regular yields for supporting the ecosystem. This reciprocation model will enhance Pepeto’s value and network security in the long run.
- Bridge – One of the most innovative attributes that Pepeto has laid the foundation for is a powerful bridge. This will allow meme coins to become interoperable, ensuring that Pepe-derivative tokens or other meme coins can easily go from one chain to the next. The idea is to create an innovative lock-and-mint ecosystem where locked tokens from one chain can be minted on another.
- Exchange – Pepeto is focusing on introducing a dedicated exchange for meme tokens, offering users a secure, scalable, and optimized platform for trading meme coins. This exchange, per the whitepaper, will give more functionality to the Pepe ecosystem, addressing scalability issues of standard decentralized exchanges.
- Technology and Optimization – Through the implementation of technology, Pepeto will become a more secure ecosystem. Optimization will play its part in maintaining the token’s liquidity and enhancing efficiency. Price dumps will be prevented, volatility will be addressed, and consistent returns for the community will be highlighted.
A Dive into Pepeto Tokenomics
Pepeto’s tokenomics is an exercise in efficiency. The goal here is to allocate a certain portion to the community while still retaining enough crypto to ensure that the project develops further. Here is the complete breakdown of how Pepeto has distributed its supply of 420 trillion tokens:
- 30% of the tokens have been allocated to presale
- 20% of the tokens have been allocated to staking
- 20% of the tokens have been allocated to marketing
- 7.5% of the tokens have been allocated to the project’s development
- 12.5% of the tokens are meant for liquidity
Pepe vs Pepeto – Which Will Come Out on Top
Whereas Pepe has established its presence in the market by providing memes and maintaining a hold over the community, Pepeto’s appeal lies in its utility. Conventionally, utility-centric cryptos have always been a better bet for long-term investment. However, the sheer viral factor of the Pepe meme cannot be underplayed either.
Therefore, while it is not clear which token will come out on top, it is certain that Pepe will be looking at serious competition. Pepeto has already established itself as a contender, considering it has raised more than $3.2 million in the presale round.
Those looking to invest in this presale should visit the official website today.
