Pepenode Token Launches New Mine-to-Earn Ecosystem – $PEPENODE Review
In Brief
Pepenode is a Pepe-themed presale introducing a “Mine-to-Earn” gamified mining ecosystem with staking, deflationary tokenomics, and meme-driven engagement, aiming to combine active participation with potential crypto value growth.
Pepenode is a new Pepe-themed presale that has arrived on the market with its unique narrative and a utility that could be considered the very first in the blockchain space.
Known as “Mine-to-Earn,” the utility gamifies the standard approach of mining inside a virtual environment. This mining game is accompanied by a strong memetic narrative, staking and other perks, that have allowed Pepenode ($PEPENODE) to raise upwards of $470K so far.
Will PEPENODE explode?
Pepenode: Gamified Mining and Interactive Presale
The problem with today’s presales, Pepenode says, is that they follow a very passive model. People just invest in the presale and step back, pinning all their hopes on price pumps that happen after listing. With Pepenode, however, the approach is more refined.
It provides an off-chain mining game, giving users a virtual ecosystem through which they can build miners, upgrade facilities, and earn coins.
This aspect turns the passive act of a presale into an active endeavor, where users may try to extract the maximum value from the ecosystem even before the token goes live. And once the Token Generation Event happens, Pepenode will take the off-chain operations on-chain, turning the points accumulated during the presale into actual “Mine-to-Earn” rewards.
But this style of gamified mining is not the only aspect of the project generating buzz. Presale safeguards have also been put in place.
According to the official whitepaper, Pepenode, which is built on the Ethereum blockchain, addresses issues related to unfair launches that limit access for retail investors and give gains only to whales. Since these actors use bots to grab tokens quickly, Pepenode offers an anti-bot approach to ensure that everyone gets an equal chance.
Tiered Node Incentives and Deflationary Token Mechanics to Boost the $PEPENODE Ecosystem Further
The developers envision that Pepenode could provide long-term perks only when early movers are incentivized. That means those who invest in the Pepenode presale will get more powerful nodes, leading to the creation of better rigs that can mine more meme coins.
While mining will provide passive income in an active way, Pepenode’s deflationary tokenomics will leverage the supply-demand mechanic to give users a value boost. The deflationary mechanics of the ecosystem are tied to the tokens being used to buy Pepenodes, of which 70% will be burned.
This means that users must actively engage with the ecosystem and buy nodes so that Pepenode’s internal mechanics trigger token burns, enforcing scarcity and increasing the price of tokens.
Pepenode’s Fee and Incentive Mechanisms – Multi-Tier and Utility-Focused
Pepenode’s approach to fees and incentives is multi-tier. The focus is to provide the most value through multiple methods. The major “fee” that users will bear will come from the standard Ethereum gas fees upon interacting on-chain. This means claiming rewards and upgrading facilities on-chain will come with charges.
The reward mechanism emerges from four elements:
Staking
Akin to most presales, Pepenode also offers staking perks. It gives users the option to put their bought tokens to work in more ways than one (virtual mining and staking in this case), with staking rewarding users in four-digit returns. At the time of writing, users can earn upwards of 3,665% in staking rewards.
Burn Mechanism
Another passive way to earn emerges from the burn mechanism. As already mentioned, this mechanism will burn a major portion of the tokens used to buy nodes (70%) in order to limit the token supply.
Referral Rewards
Pepenode has opted to transform users into thought leaders, rewarding them with 2% of all mined rewards.
Leaderboard Incentives
This is where the “gamified mining” process kicks in. Once the token launches and mining is done on-chain, users will be able to climb the leaderboards and earn additional rewards. These could sometimes be in the form of special bonuses, and at other times, they could be meme coins.
A Brief Look into Pepenode’s Tokenomics and Roadmap
Pepenode has a total supply of 210 billion tokens. From the looks of it, it is clear that the project is trying to passively mirror Bitcoin’s total supply using similar figures. The assets are allocated according to the following approach to keep the mining ecosystem community-centric while still ensuring room for development:
- 35% for protocol development
- 15% for infrastructure
- 7.5% for node rewards
- 35% for economics and treasury
- 7.5% for growth and listing
In terms of the roadmap, Pepenode has a three-phased approach.
The first phase is the current one that involves the presale. Users should expect KOL blasts on YouTube during this phase, as well as unique competitions on social media to keep engagement going.
On-chain mining will begin once the presale concludes and the token goes live. Users will then receive rewards for their off-chain virtual mining efforts, as well as from the listing pumps that $PEPENODE eventually experiences.
The Mine-to-Earn game will be put into full force in the final phase, with users gaining the ability to strategically build more complex mining facilities using $PEPENODE tokens. Optimized setups will generate more meme coins, including Fartcoin and Pepe.
Meanwhile, despite being a fresh debut, Pepenode has been featured by leading publications, including InsideBitcoins, further elevating its visibility among investors.
Factors that Could Help Pepenode Explode
Here are the core factors that could help Pepenode explode:
- Unique Use Case: Pepenode’s use case is likely to start a conversation on social media, pushing a strong narrative for its growth.
- Meme Coin Narrative: Pepenode’s Pepe-themed narrative gives it a simple but quirky imagery, enough to give its price a major boost in the short term.
- Presale Perks: As the cryptocurrency market is now bullish, Pepenode’s presale will attract attention from investors looking for early mover opportunities. Since the presale is gamified as well, the chances for the crypto to experience growth are high.
- Trust Through Security: Coinsult has conducted a safety and trust audit of this project, which could boost its legitimacy among users looking for more reliable products.
Conclusion
Pepenode is bound by a strong narrative that focuses on use cases and memes. The prospect of gamified mining is unique since, from the looks of it, it has none of the hardware complexities associated with standard mining. The Pepe-themed imagery could also give it enough mileage to generate interest among the crypto community, whose continued support could cause the Pepenode price to explode upon listing.
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Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
