The crypto market may be in a downturn, but one project is managing to cut through the noise. Pepenode, a new “mine-to-earn” token, has launched its presale with an eye-catching 596% staking yield — and investors are taking notice.
Over the past 24 hours, the global cryptocurrency market cap slipped 3.5%, reflecting the continued weakness across major assets. Bitcoin also struggled, dropping 13% in the last week and posting a slight 0.5% decline year-over-year. Analysts say fading investor enthusiasm — partly tied to developments in the artificial intelligence sector — has played a role in dampening sentiment.
Yet even in this bearish environment, several emerging tokens are managing to gain traction. Pepenode, which opened its presale back in September, is one of them. While the project hasn’t disclosed the amount raised so far, it has captured interest thanks to its unusual approach to mining.
Instead of requiring buyers to invest in costly hardware or join traditional staking pools, Pepenode offers what it calls “virtual mining rigs.” These digital mining nodes can be purchased using PEPENODE tokens, and owning more nodes increases the potential rewards. According to the project’s documentation, users earn returns in meme-inspired assets, including Pepe and Fartcoin (FART).
One of Pepenode’s main selling points is its staking APY — a headline-grabbing 596%, as listed on the platform’s website. The project leans heavily into its Pepe-themed branding, which remains a strong cultural element within the broader meme token community.
PEPENODE comes with a fixed supply of 210 billion tokens. The allocation is spread across development, marketing, treasury, liquidity, and reward pools, based on details from its official materials.
Buying into the presale is straightforward: users can visit Pepenode’s website, connect a compatible crypto wallet, and purchase tokens using fiat. The pricing structure increases token prices every three days, creating a time-sensitive incentive ahead of the official launch.
According to the project’s timeline, Pepenode expects to roll out the full token in the coming weeks. Whether the platform’s virtual-mining model becomes a genuine alternative to traditional crypto mining remains to be seen, but the project has already carved out its own space — even as the broader market struggles to regain momentum.
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