Pepeto Aims to Build New Solana Memecoin Infrastructure
A new project named Pepeto is building infrastructure on Solana with the explicit goal of capturing momentum similar to previous successful memecoins like BONK. The project has announced three working products, positioning itself as a potential new engine in the Solana memecoin ecosystem.
- Pepeto's infrastructure consists of three products that were available as testable demos before its presale: PepetoSwap, a cross-chain bridge for asset movement, and a zero-fee decentralized exchange designed specifically for the memecoin market. - The project's tokenomics allocate a 420 trillion total supply, with 30% for the presale, 30% for staking rewards, 20% for marketing, 7.5% for project development, and 12.5% for exchange liquidity. - To address security concerns prevalent in the memecoin market, the project underwent dual smart contract audits from two separate firms, SolidProof and Coinsult, and implemented a zero-percent tax on transactions. - The project was reportedly founded by one of the original creators of the Pepe coin, expanding on that project's initial four "pillars" (Power, Energy, Precision, Efficiency) by adding two more: Technology and Optimization. - Pepeto's staking program offers a dynamic Annual Percentage Yield (APY) to incentivize long-term holding; at times, this rate has been advertised as high as 212% to 709%. - The project's presale raised over $7.25 million, with a presale price of $0.000000185, and has announced a confirmed future listing on Binance. - While aiming to capture the momentum of Solana's dominant memecoin ecosystem, Pepeto itself is built on the Ethereum blockchain, positioning its cross-chain bridge as a key component of its infrastructure. - In contrast to BONK's launch strategy, which airdropped 50% of its supply to the Solana community to build an initial user base, Pepeto's approach is centered on providing functional trading infrastructure from day one.
