AI Memecoin 'Pepeto' Raises $7.4M in Presale
An emerging AI x memecoin project, Pepeto, has raised $7.42 million in its presale. The project is gaining traction by pitching itself as a utility-heavy token with three actual products, aiming to differentiate itself from purely hype-driven memecoins.
Pepeto is an Ethereum-based project aiming to merge memecoin culture with tangible utility, positioning itself as a more sustainable alternative to purely hype-driven predecessors like Pepe. The project's tokenomics feature a total supply of 420 trillion tokens, mirroring Pepe's supply to create familiarity for memecoin investors. Security is a noted priority, with the project having undergone dual audits from independent firms SolidProof and Coinsult to verify its smart contract code. The presale allocation for Pepeto is set at 30% of the total supply, or 126 trillion tokens. This is matched by another 30% allocated to staking rewards, which have advertised annual percentage yields (APYs) ranging from 210% to over 300%. The remaining token distribution includes 20% for marketing, 12.5% for exchange liquidity, and 7.5% for ongoing project development. Pepeto's proposed ecosystem is built around three core products: PepetoSwap, a zero-fee decentralized exchange; a cross-chain bridge to facilitate asset transfers between networks like Ethereum, BNB Chain, and Solana; and a Web3 learning platform. The project states that all transactions within this ecosystem, including swaps and bridging, will utilize the $PEPETO token, creating built-in demand. The project's roadmap outlines several key milestones following the presale, including listings on major centralized exchanges, the full launch of PepetoSwap, and the rollout of its cross-chain bridge functionality. There are also plans to introduce a governance framework that will allow token holders to participate in the project's future development. Rumors have also circulated within the crypto community linking high-profile figures like Elon Musk to the project, and suggesting a co-founder of the original Pepe coin is involved, adding to the narrative.
