Key takeaways
- Michigan has joined the wave of different states within the U.S. seeking to spend money on cryptocurrencies.
- Bitcoin Pepe’s presale approaches $2m two days after launch.
Michigan proposes crypto investments
Extra states in the US need to spend money on cryptocurrencies. Michigan’s state representatives, Bryan Posthumus and Ron Robinson, proposed Home Invoice 4087 to permit the state to spend money on Bitcoin and different cryptocurrencies.
If the invoice is accredited, the state treasurer can allocate as much as 10% of Michigan’s normal and financial stabilization funds to cryptocurrencies. Michigan joins a wave of different states within the U.S. proposing to spend money on cryptocurrencies.
What’s Bitcoin Pepe?
With Michigan and different states seeking to spend money on cryptocurrencies, Bitcoin will doubtless high the checklist as it’s the primary crypto by market cap. Bitcoin Pepe is leveraging Bitcoin’s place available in the market to introduce memecoins to its ecosystem.
It’s a layer-2 community constructing on the Bitcoin blockchain. Bitcoin Pepe is a meme-specialized layer-2 answer constructed on high of Bitcoin, bringing Solana-style scalability to the Bitcoin community.
In accordance with the whitepaper, Bitcoin Pepe is designed to change into floor zero for all memecoin buying and selling and transfer all this financial exercise to the BTC ecosystem. This undertaking will unlock DeFi and meme buying and selling on high of BTC. The crew describes Bitcoin Pepe as the right fusion between BTC’s safety and the unstoppable pressure of memecoins.
The crew added that Bitcoin Pepe is the first-ever meme preliminary coin providing (ICO) on the Bitcoin blockchain. With this, BTC Maxis will have the ability to commerce memes, and mixing excessive ranges of belief (BTC) with excessive ranges of efficiency (SOL) will result in excessive ranges of retail mass adoption.
How can Bitcoin Pepe advance the Bitcoin ecosystem?
Bitcoin is the oldest blockchain within the ecosystem however provides much less utility than sensible contract blockchains like Ethereum and Solana. Nonetheless, Bitcoin Pepe plans to open up the blockchain additional by permitting the launch of memecoins and different narratives on the community.
By ushering in memes on Bitcoin, Bitcoin Pepe will flip the blockchain into the house base for the loopy high-octane meme expertise. The crew believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it accessible for memecoin buying and selling.
Bitcoin Pepe will launch as a Layer-2 community, offering the required infrastructure for all memes emigrate to BTC and guaranteeing safety and liquidity for buyers and customers.
Bitcoin Pepe presale raises $2m in two days
Bitcoin Pepe’s presale launched two days in the past and is already near a brand new milestone. In accordance with their official whitepaper, the Bitcoin Pepe presale has raised $1,937,568 in simply two days.
This isn’t shocking, as its native token, $BPEP, will energy the Bitcoin Pepe layer-2 community and a number of other different actions inside the ecosystem. The presale permits buyers to purchase the tokens earlier than they’re listed on exchanges.
Buyers should buy the $BPEP tokens utilizing varied cryptocurrencies, together with ETH, USDT, USDC, BNB, and SOL.
The presale could possibly be a chance to buy $BPEP at a reduction. Solana’s SOL at present trades at $196 per coin. Nonetheless, it was bought for $0.22 throughout its presale in 2020, indicating how early buyers profit from partaking in presales.
Bitcoin Pepe goals to be a number one L2 community on Bitcoin, providing customers safety and liquidity. Along with that, it’s leveraging the current progress of memecoins to launch as one whereas working to introduce extra memecoins to the Bitcoin ecosystem.
