Pepe Unchained secures $14M presale, to launch Ethereum L2 with dev grants in Q4. Promises 100x faster, cheaper transactions.

With $14 million generated in presale funding, the Pepe Unchained (PEPU) team has announced it will open grants for developers to build on its chain in Q4.

This will strengthen its ecosystem and establish Pepe Unchained as a key player in the Ethereum layer 2 vertical.

The project remains in its presale phase, and it’s currently available to buy at $0.00981. However, this price will rise as the presale advances. 

According to its recent announcement, the team is strategically timing the exchange launch to “maximum impact” on price growth.

The ‘Pepe Chain’ will help scale Ethereum by computing transactions off the main network. It will be cheaper and 100x faster than the main chain and will launch with an entire ecosystem comprising a block explorer, dedicated bridge, decentralized exchange, and staking.

Pepe 2.0 – PEPE solves real issues with community-funding

As if Pepe was not already iconic, Pepe Unchained is raising the bar and paying Pepe developer fans to build and contribute to fixing Ethereum’s scalability issue.

In true memecoin fashion, the project is entirely community-funded via a presale.  

The original Pepe was shackled to the Ethereum network, which was known for its slow speeds and high fees. But Pepe Unchained – which has its own blockchain – allows even the smallest investors to trade meme coins without sweating expensive fees.

And with its new developer grant program, “Pepe Frens With Benefits,” the ecosystem is opening for developers to launch tokens and applications on the blockchain.

To receive a grant, developers build a project, submit a grant application, await a decision from the Pepe Council, and, if selected, receive the grant.

Pepe Unchained lays eyes on tier-1 exchange listings, 10x gains incoming?

Binace’s listing of First Neiro on Ethereum shook the market when it provided 10x gains overnight.

Such gains would take years in a traditional market, but it’s just another day for memecoin enthusiasts. Now, traders are actively seeking what’s next on Binance’s listing radar.

Pepe Unchained may be the answer.

With a substantial $14 million in funding, it clearly got investors hooked. However, the team recently revealed they’re talking with “several tier 1 exchanges.”

Though they’re keeping their cards close to their chest on which exchanges, Binance’s recent microcap NEIRO listing indicates it could well be among those interested.

But it’s not just exchanges that are itching for the Pepe Unchained market debut – its 17.4K X followers are also fervently waiting.

However, the Pepe Unchained team has revealed they’re pausing the exchange launch until the time is right, providing maximum impact and ensuring early adopters can secure the discounted presale price.

Industry experts boost Pepe Unchained presale along with unwavering support

A nod of approval from reputable industry figures is a huge deal for an emerging project like Pepe Unchained.

Not only does it provide the new project with mainstream exposure, but it also attests to its legitimacy and eye-catching use case. Despite the thousands of cryptos on the market, prominent analysts like ClayBro chose to endorse Pepe Unchained.

The trader – who boasts 130K YouTube subscribers – has covered Pepe Unchained dozens of times. In a recent video, he said $PEPU is “ready to explode.”

Interest from smart money traders like ClayBro is crucial in moving crypto prices. Typically, when a leading figure or deep-pocketed whale gets on board, droves of smaller traders will “follow the money” and take the same trade.

Pepe Unchained is showing a lot of potential. With industry experts, tier-1 exchanges, developers, and retail investors all taking note, everything is in place for a bright future.

For those yet to invest in PEPU, visit the project’s website, connect the wallet, choose the crypto to pay with and the amount needed to to buy. The presale accepts ETH, BNB, USDT, and bank card payments.

To put investors at ease, Pepe Unchained has undergone external smart contract audits from Solid Proof and Coinsult, both of which found the project safe and secure.

For more information, visit the Pepe Unchained presale website or join the community on Telegram and X.

Many misunderstand crypto, thinking its anonymity hides them from the IRS. In reality, crypto income is taxable. Here’s a guide on how to pay in 2024.

A lot of people still have misconceptions about the way cryptocurrency works. They’ve heard that cryptos provide anonymity, which makes them develop a false assumption that not even the IRS will be able to track the amount of cryptocurrency income they receive.

This, however, is false. Not only do you have to pay taxes on your crypto income, but you also have to follow a strict procedure. Here’s how you can pay taxes on your crypto income in 2024. 

Understand taxable events

The first thing you need to understand is the taxable events in question. There are many different ways to earn crypto income, and identifying some of these events will help you establish the correct procedures for making these payments.  

Trading cryptocurrency

Selling one cryptocurrency and buying another is taxable. This is important because there are new promising cryptocurrencies every day, and keeping track of this is often far from easy. According to crypto expert Michael Graw, most people are interested in the potential for high profits, while some are even motivated by the promise of early investments.

Most importantly, every time a person makes a trade, they have to report the fair market value of the cryptocurrency received. This is a huge obligation that a lot of crypto traders neglect. 

Purchasing goods and services

Cryptocurrencies can be used to buy goods or pay for services. In the majority of countries, states, and jurisdictions, this is susceptible to taxation; however, it’s a lot harder to determine this tax when it’s crypto that we’re talking about. 

The bottom line is that the customer has the exact time of the transaction, and during the reporting process, they have to report the fair market value of the cryptocurrency that was used in the transaction. To some, this may seem as simple as just stating the price in their fiat currency, but it often ends up being slightly more complex.

Selling cryptocurrency

Every time cryptocurrency is sold for fiat currency (like USD or EUR), this is considered a taxable event. In this event, capital gains and capital losses have to be reported. Now, this is basically just a more standard form of the taxable event we’ve described when we talked about trading cryptocurrencies.

The bottom line is that this is, more or less, always the end goal when crypto trading. Crypto adoptions are still not as great as someone will be able to use it for all your acquisitions. In other words, eventually, trading them for fiat is what people are looking for. Keep this in mind before doing so. 

Mining cryptocurrency

Mining cryptocurrency is expensive as it is. Someone has to buy the equipment, invest in adequate software licenses, set it all up, and pay an enormous electricity bill. In today’s climate, it’s questionable what kind of returns you’ll have. 

Now, the last thing someone wants is to calculate all of these expenses and figure out that they’ll be able to break even (or even profit)… because they’ve forgotten that they also have taxes to pay. Mining rewards are an income, and they have to be reported as such. 

Crypto gained through luck-based games

If cryptocurrencies are earned by playing luck-based games on online casinos, even if they are anonymous casinos, winnings have to be reported. Casino winnings, lottery winnings, sports betting, raffle prizes, and sweepstakes all have to be reported. 

Underreporting or misreporting income (even this form of income) is a serious problem for anyone, and it could land someone in a huge deal of legal trouble. Therefore, this mistake should be avoided. 

Calculating gains and losses

Once all the taxable events are identified, it’s time to put all income and expenses/costs on paper. To begin with, any taxable income has to be checked. Just because some value is exchanging hands, this doesn’t mean that someone is better off than before. So, there are a few things that need to be taken into consideration. 

Start by calculating the cost basis. This means the exact date and time has to be noted, as well as the amount of money that was originally paid for the cryptocurrency in question. This includes the acquisition fees.

Next, the so-called fair market value has to be provided. This is the cost of cryptocurrency at the time of acquisition (at the time of the taxable event mentioned in the last section). 

The most important part of this is the so-called capital gains. This implies that, at the time of the sale, the value of the crypto asset was higher than at the time of acquisition.

There’s also the opposite scenario, where the market value is lower than it was during the acquisition. 

Federal vs. local taxation of cryptocurrencies

When it comes to the federal income tax, the IRS considers crypto assets to be similar to property. This means that they’re subject to capital gains tax rules. 

State taxation varies by state. For instance, there are income-tax states and no-income-tax states, but there are also specific state regulations, which means that the state in question may offer tax incentives related to cryptocurrency. One example is Wyoming, which is quite proactive in creating a favorable regulatory environment for crypto businesses and users. 

As more and more merchants accept crypto assets as payments, the question of state and local taxation of these resources becomes an even more important issue than before. The importance and adoption of cryptoassets are bound to increase further in the future, which is why understanding the regulations surrounding it become such a high priority for everyone. 

Importance of reporting and keeping detailed records

Knowing how much has to be paid and just paying is merely one in a long series of necessary tasks to complete in order to settle obligations toward the IRS.

When it comes to reporting income from crypto activities, the right forms like 1040, 8949, and Schedule D are to be used. It all depends on whether money was made from mining, staking, or selling and trading. 

Most importantly, all the detailed records have to be kept. A detailed transaction history with all receipts and statements and wallet addresses (of wallets involved in your transactions) have to be kept. 

All of this can be made easier by using the right tax software. The user has to make sure to specify that they’re looking into software that supports crypto and crypto income. Let’s face it: in 2024, cryptocurrencies are such a vital part of our finances that the request is more than reasonable. 

Crypto income is taxable; evading taxes can lead to serious trouble

It is 2024, and cryptocurrencies are no longer unregulated. They’re also no longer small and insignificant enough that they fly under the radar of the IRS. Settle all responsibilities toward the IRS. All the resources on the subject matter are available, which is why the idea that someone doesn’t know how to do this no longer holds up.

Solana is set to close the year above $250. Meanwhile, investors are attracted to XRP and DTX Exchange thanks to their budget-friendliness and growth prospects.

Quarter four has historically been the most bullish period for cryptocurrencies; positioning couldn’t be more crucial. Solana’s (SOL) price outlook for the final three months is bullish. It is set to regain lost price levels and end the year on a high note, making it one of the altcoins to watch.

Meanwhile, budget-friendly tokens with low entry points continue to win investors’ hearts. At the forefront are Ripple (XRP), a cross-border payment protocol and DTX Exchange (DTX), a new hybrid exchange protocol. INTL, a top ICO, is quickly becoming an investor favorite, boasting innovative use cases and significant upside potential.

DTX Exchange: A new DeFi protocol on investors’ radars

DTX Exchange, a new hybrid exchange protocol, stands out thanks to its blend of CEX and DEX. Unlike conventional trading platforms, it offers the best of both worlds, pushing the presale past $2.6 million amid a fever to become early adopters.

As an emerging cryptocurrency, one of its many attractions is its low entry point. Additionally, its growth prospects are astounding. The ICO is in the third round and costs $0.06 but with a projected 65x upside potential after its market debut.

The above makes it a more compelling alternative to top altcoins like Solana and Ripple. Besides the gains, its impending transformation of the $10 billion global trading scene places it on the list of new DeFi projects to watch out for. Some of its competitive advantages include the trading of diverse assets across TradFi and DeFi and non-custodial trading.

Solana: Bullish Q4 outlook

Solana, one of the best cryptos to invest in, is a must-have this year. Its DeFi capability makes it one of the most sought-after among developers and projects. In addition, its ecosystem of dApps and memecoins is largely unrivalled in the crypto space.

While the year has been a rollercoaster, it is a great one nonetheless. On the yearly chart, the Solana price increased over 500%, indicating how good of an investment it has been. Although the past month has been bearish—a 7% decline in the past 30 days—its outlook remains bullish.

Its outlook for the rest of the year couldn’t be more promising, tipped for a rally past $250. This bullish Solana price prediction highlights its significant upside potential, thanks to its rapidly growing ecosystem and features like fast transaction speed and low costs.

Ripple: Road to $5

Ripple, one of the top altcoins, is an investor favorite for good reasons. For one, the payment-based cryptocurrency is budget-friendly—ridiculously undervalued, according to top analysts. Recent developments like the launch of Grayscale XRP Fund and relisting on Robinhood paint a promising picture.

The XRP price, retailing below $1, provides one of the best entry points, considering its growth prospects. Reflecting bullish trends, the XRP coin has been up 8% in the past 7 days, trading at $0.58. With plenty of room to run at the current price, it is no surprise that investors have been betting big.

As it prepares to end the year strongly, with eyes on a Fed rate cut and the US presidency, a jump past $5 is suggested. This XRP price prediction paints a new ATH for the top crypto coin, outclassing previous bull cycle performance.

Conclusion

Solana, one of the best cryptos, is tipped for a rally past $250 before the curtain closes on the year. Meanwhile, Ripple, a top crypto and DTX Exchange, a new ICO, are on investors’ radars thanks to their budget-friendliness. With plenty of room for growth, these are promising waves to take advantage of.

To learn more, visit the presale website, the official DTX website, and join the DTX community.