PEPENODE presale debuts with 596% yield as market declines.
Summary
- Cryptocurrency market cap dropped 3.5% in 24 hours; bitcoin fell 13% last week amid weak sentiment.
- Pepenode’s presale offers virtual mining rigs, not physical hardware, with potential rewards in meme tokens and a staking yield of 596%.
- Investors can buy mining nodes with PEPENODE tokens; token supply caps at 210B, with prices rising every three days until launch.
The cryptocurrency market capitalization decreased 3.5% in the past 24 hours, according to market data reported Monday.
Bitcoin (BTC) declined 13% over the past week and dropped 0.5% year-over-year, according to trading data. Market analysts have attributed recent declines to reduced investor sentiment related to artificial intelligence sector developments.
Several newer cryptocurrency tokens have attracted investor attention despite bearish market conditions, according to industry observers.
PEPENODE, a mine-to-earn token, is currently conducting a presale that opened in September, according to the project’s website. The token has raised undisclosed funds during its presale period.
The platform offers users virtual mining rigs rather than requiring physical mining hardware or participation in staking pools, according to project documentation. Users can purchase mining nodes using PEPENODE tokens, with additional nodes generating increased rewards.
The platform distributes mining rewards in the form of meme-based cryptocurrencies including Pepe and Fartcoin (FART), according to the project’s whitepaper.
Pepenode presale: 596% staking, virtual mining rewards
PEPENODE’s staking protocol currently offers an annual percentage yield of 596%, according to the platform’s website. The token incorporates Pepe-themed imagery, which has gained popularity in cryptocurrency communities.
The token has a maximum supply of 210 billion, allocated across treasury, development, marketing, rewards, and liquidity categories, according to project materials.
How Pepenode’s virtual mining works
The presale is available through the project’s official website, where users can connect compatible wallets and purchase tokens using fiat currency. The token price increases every three days until the presale concludes, according to the sale structure.
The project anticipates launching the token in the coming weeks, according to the presale timeline.
