Meme-coin Wall Street Pepe attracted $4 million in the first week of presale

The creators of the meme token Wall Street Pepe (WEPE) raised 20 million USDT after the launch on December 3. In the first week of the presale, the project raised 4 million USDT.

At the time of writing, WEPE can be purchased for $0.0003644 per Ethereum, Tether (USDT), or with a bank card until the next price increase on December 17. To do this, you need to connect Best Wallet or another wallet on the project’s website.

WEPE Concept

Wall Street Pepe is a meme token of the ERC-20 standard, combining the character Pepe and the image of a typical Wall Street trader.

Wall Street Pepe. Data: X. The project’s website features the story of the Wall Street Pepe hero, which consists of four chapters.

“Pepe is tired of old whales and greedy investors manipulating small traders, constantly filling their wallets. So he decided to outsmart them and change the rules of the game. He gathered an ambitious team of traders who share his views to share their successful strategies,” the project’s website says.

The idea of a meme token is to create the Wepe Army - a closed community of WEPE holders. In it, members will be able to exchange insider information about trading in the meme token market.

Tokenomics and Staking

The limited issuance of 200 billion WEPE is distributed as follows:

• 38% - marketing;
• 20% - incentive bonuses for early buyers as part of the FROG Fund program;
• 15% - bonuses for traders;
• 15% ― liquidity provision on exchanges;
• 12% for WEPE staking rewards.

The smart contract will distribute the staking rewards over a period of three years. The mechanism provides for dynamic distribution of WEPE based on time and the amount of locked tokens.

“At the presale stage, users get the most favorable interest rate. Rewards are distributed depending on the user’s share in the staking pool,” project representatives commented.

Project Plans

After the presale is completed, token holders will have access to the private Wepe Army group. In it, traders will be able to discuss trading strategies and share information about recent deals. Also, Wall Street Pepe plans to launch a campaign with contests for traders with prizes in WEPE tokens.

In addition, token holders will be able to earn passive income by staking WEPE.

In the future, the team intends to continue developing tools and expanding the use cases of the token.