The cryptocurrency market is a mixed bag this week, with major projects posting losses, but some smaller tokens rising. For example, Bitcoin and Ethereum are both down around 9%, but ChainOpera AI has rallied 234%.
There has also been a rotation of capital away from the popular Ethereum-based meme coin Pepe, with its price down 23% this week and 32% this month. But as Pepe struggles, traders have started accumulating a new Pepe-themed alternative called PEPENODE.
PEPENODE is the world’s first Mine-to-Earn meme coin, allowing users to generate real rewards without the usual headaches of traditional crypto mining. The idea is simple: participate in a game that simulates real-world crypto mining and earn free meme coins for your time.
Unsurprisingly, this is sparking massive excitement among investors. The project is currently undergoing a presale, during which it has raised over $1.8 million, demonstrating massive market appeal.
However, besides its use case, another reason investors are pouring in is that the current presale rate of $0.001105 is only available for another two days, with incremental price increases programmed to take place throughout the ICO.
What actually is Mine-to-Earn?
Crypto mining plays a significant role in the crypto economy, with Bitcoin mining projected to reach a valuation of $3.2 billion by 2030. And as the primary method for securing Proof-of-Work blockchains and distributing tokens, it’s an industry that will likely be around for the long haul.
Initially, the idea was that anyone could participate openly in mining. However, that optimism proved unrealistic. Today, the industry is dominated by billion-dollar powerhouses and Wall Street funding, rather than indie miners running Bitcoin Core from their garages.
And due to high setup costs, technical challenges, and enormous electricity bills, most crypto users avoid mining altogether, instead opting to simply HODL or trade cryptocurrencies.
This is where PEPENODE’s Mine-to-Earn initiative comes in. It seeks to restore Satoshi’s vision of passive mining rewards accessible to everyone, but without the baggage of traditional mining. PEPENODE is an on-chain game where users run their own virtual mining servers and earn meme coin rewards.
Users start with a virtual server room, and they’ll spend PEPENODE tokens to buy Miner Nodes. Various node types are available, and different combinations lead to different outcomes. The aim is to optimize the mining setup for maximum mining power, which will ultimately lead to more meme coin rewards.
And here’s something else: rewards are not limited to PEPENODE tokens – those who rise up the in-game leaderboard will also receive Fartcoin, Pepe, and potentially other meme coins.
Pepe Whales accumulate PEPENODE presale
The PEPENODE presale has had an explosive start, raising over $1.8 million so far. This clearly indicates backing from major whales, and that includes respected members of the Pepe community. For instance, Michael Wrubel recently said he is buying the project in a video to his 315K YouTube subscribers.
Meanwhile, prominent analyst Crypto Tech Gaming backed PEPENODE for 100x gains once it hits the open market.
Pepe is currently priced at $0.000007191, its lowest level since April. Millions of community members are growing tired of waiting for new highs and are now looking for the next meme coin to pump. By introducing a gamified economy and real crypto rewards, PEPENODE distinguishes itself from other Pepe-themed tokens, and that’s capturing the attention of top meme coin investors.
Why PEPENODE could have long-term potential
The Mine-to-Earn game and rewards are generating immediate excitement as word spreads and investors discover PEPENODE, but this could be more than just a fleeting trend. That’s because PEPENODE is built for long-term growth.
As mentioned, users must spend PEPENODE tokens to acquire Miner Nodes, creating sustainable token demand. But that’s not all – 70% of tokens spent in the game’s store will be burned, creating deflationary pressure that could boost the price.
As scarcity increases and the PEPENODE price rises, it may attract more attention, which strengthens demand for Miner Nodes and intensifies the deflationary cycle. With that, the current presale rate of $0.001105 might someday be seen as a generational bottom that late investors could only dream of attaining, similar to looking back at Pepe in 2023.
Visit PEPENODE Presale
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