- Michigan has joined the wave of different states within the US seeking to spend money on cryptocurrencies
- Bitcoin Pepe’s presale approaches $2m two days after launch
Michigan proposes crypto investments
Michigan’s state representatives, Bryan Posthumus and Ron Robinson have proposed Home Invoice 4087 to permit the state to spend money on Bitcoin and different cryptocurrencies.
If the invoice is authorized, 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 US proposing to spend money on cryptocurrencies.
What’s Bitcoin Pepe?
With Michigan and different US states seeking to spend money on cryptocurrencies, Bitcoin will probably prime the listing because it’s the primary crypto by market cap. Bitcoin Pepe is leveraging Bitcoin’s place out there 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 prime of Bitcoin, bringing Solana-style scalability to the Bitcoin community.
In keeping 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 venture will unlock decentralized finance (DeFi) and meme buying and selling on prime of BTC.
The staff describes Bitcoin Pepe as the right fusion between BTC’s safety and the unstoppable pressure of memecoins.
The staff added that Bitcoin Pepe is the first-ever meme preliminary coin providing (ICO) on the Bitcoin blockchain. With this, BTC Maxis will be capable of 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 gives much less utility than sensible contract blockchains like Ethereum and Solana. Nevertheless, 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 staff believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it obtainable 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 keeping 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 can buy the $BPEP tokens utilizing varied cryptocurrencies, together with ETH, USDT, USDC, BNB, and SOL.
The presale may very well be a chance to buy $BPEP at a reduction. Solana’s SOL presently trades at $196 per coin. Nevertheless, 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 latest progress of memecoins to launch as one whereas working to introduce extra memecoins to the Bitcoin ecosystem.