Pepe Unchained, a layer 2 blockchain and meme coin platform in its presale phase, organizes a promising staking service for crypto enthusiasts looking for higher returns. The protocol has already accumulated millions of users, and the staked coins have crossed 2 billion.
The project, backed by major investment firms, has raised over 40 million dollars through the presale, which ends in 21 days. This increases its credibility. Beyond staking, the roadmap introduces a DEX, Bridge, Block Explorer, Staking, LaunchPad, Developer Grants, and much more.
This article will be a comprehensive guide to Pepe Unchained’s staking process where will get into the guides on how to purchase, how to stake, and how to withdraw. Also, we will analyze the worthiness of the event. Let’s begin.
How Does the Pepe Unchained Staking Work?
Let’s get into a beginner-level explanation of the process. Staking means locking up your assets in a network that needs your tokens for its operations. If you stake for a particular period, you will get rewards, similar to interest in banks.
The Pepe Unchained’s staking works by users staking their PEPU tokens to aid ETH mining. The rewards will be generated at a rate of 608.82 PEPU per ETH block, and that will be distributed among the participants according to the amounts staked by them.
As of today around 2,326,612,390 PEPU tokens have been locked up with an estimated reward of 69% per annum. To participate, first, you have to purchase PEPU tokens and then lock up in the staking pool. Let’s get into a detailed guide.
How to Purchase PEPU Tokens?
You can purchase PEPU with ETH, BNB, or USDT. Also, a credit card option is available. For 1 USDT, you will receive around 77 PEPU. Here is a step-by-step purchasing guide:
- Create a crypto wallet using Metamask or any other wallet provider. If you already own a wallet, then proceed to load it with crypto.
- Get some ETH, BNB, or USDT in your wallet if you are not using a card. After setting up your wallet, go to the official website of Pepe Unchained where you will see a presale window.
- Tap on “Connect Wallet” and connect your wallet through an extension. Now enter the amount of PEPU you need and tap “Buy”.
- Approve the signature requests and pay the gas fee. You will receive PEPU tokens in your wallet within minutes of purchase.
How to Stake PEPU Tokens?
The process is similar to other staking mechanisms, and you can release the staked tokens anytime. Also, there are no minimum or maximum requirements for staking. Here is a detailed guide:
- Visit the official website of Pepe Unchained and navigate to the top right corner. Among the options, you will see “Staking”. Tap on it to access the staking dashboard.
- The dashboard consists of details about your stake, including the balance and rewards. If you have already connected the wallet, you will see an option to Stake. Click on it and choose your desired amount of PEPE and the duration of the staking.
- After the signature request, your amount will be staked. Refresh the page to view it in the staked balance. That’s it. You have successfully locked up your assets.
How to Claim & Withdraw PEPU Tokens?
You can claim your interest by tapping the “Claim Rewards” button in the dashboard. Also, the staked PEPU tokens can be withdrawn instantly by clicking “Withdraw Staked Tokens”. However, the claimed tokens can only be transferred once the withdrawal for rewards is live, which is expected to happen after the conclusion of the presale.
Is PEPU Staking Worthy?
As a staking option that gives you around 69% rewards in a year, the event is worth the effort. However, the embryonic stage of PEPE Unchained and the volatile meme market make it a deal that needs deep research from the user to delve into a conclusion.
Overall, PEPU seems like a worthy effect if you can get into it now, the time of presale and staking. The tokenomics also shows that presale allocation and staking are important, as around 70% of the total allocation is reserved for these processes.
PEPE Unchained Tokenomics
| Token Ticker | $PEPU |
| Total Supply | 8,000,000,000 |
| Presale Allocation | 40.00% |
| Staking | 30.00% |
| Marketing | 10.00% |
| Liquidity | 7.5% |
| Project Development | 7.5% |
| Chain Inventory | 5.00% |
Conclusion
As a meme coin created for entertainment purposes, PEPU is primarily not an investment asset. The price is driven by media exposure, virality, and sheer coincidences, making it extremely difficult to predict a long-term movement. Regular volatility can be expected where there is a high risk of losing money. However, staking increases safety as it at least provides extra coins to hold.
If possible, do your own research before participating in the event. If you are looking for some serious and professional staking options backed by established banks and financial institutions, you can skip this and choose the prominent ones.