[PRESS RELEASE – Georgetown, Saint Vincent & The Grenadines, November 5th, 2024]

The Infinaeon is project designed with the vision of fundamentally changing how Ethereum scaling is approached. According to the team and the community, the tokenomics behind Infinaeon are designed to prevent oversupply from resulting in negative long-term price action, and now its presale is live.

In addition to this, Infinaeon offers a range of tools and features that may interest traders and DeFi developers. This interest is expected to stem from the project’s ability to provide a faster and cheaper trading experience through its decentralized exchange (DEX) and its potential to attract developers seeking a more efficient and scalable platform for their decentralized applications.

What Is The Infinaeon Token and What Distinguishes Its Tokenomics

The Infinaeon team recognized a critical flaw in many existing Layer-2 solutions: unsustainable tokenomics. Infinaeon aims to create a balanced ecosystem where token value is supported by network activity and real-world utility.

The Infinaeon token has a maximum supply of 420 million. This limited supply, combined with the project’s unique tokenomics model, aims to prevent the inflationary pressures that often exists in other cryptocurrencies.

At the heart of this approach is Infinaeon’s native token, which is designed to appreciate over time. This is achieved through a unique gas fee allocation mechanism, where a portion of every transaction fee is used to buy back and burn tokens, reducing the circulating supply and creating scarcity.

To further support the token’s value and encourage long-term participation, Infinaeon offers an auto-compounding staking mechanism. Users can stake their tokens for varying periods.

For example, staking Infinaeon tokens for at least one month brings participants a 5% annual percentage yield (APY), while those staked for three months or more receive a 10% APY. These staking rewards are compounded automatically, meaning that received rewards are reinvested.

To further promote long-term engagement, Infinaeon incorporates a penalty for early unstaking. Users who withdraw their staked tokens before the completion of their chosen staking period incur a 30% penalty. This mechanism discourages short-term speculation and incentivizes users to hold their tokens for extended periods, contributing to the overall stability of the network.

The Infinaeon Ecosystem: DEX and Bridge

The Infinaeon presale and the value of the underlying token are not solely based on the concept of deflationary tokenomics and staking rewards. The Infinaeon ecosystem contains several tools, including Infinity Swap, a native Decentralized Exchange (DEX), and a crypto bridge.

Infinity Swap aims to provide a seamless and efficient trading experience for users within the Infinaeon ecosystem. It offers low fees, fast transaction speeds, and an intuitive interface designed to attract experienced and novice traders. By facilitating the exchange of various crypto assets, including the Infinaeon token, Infinity Swap contributes to liquidity and overall activity within the network.

The Infinaeon Bridge enables the secure and efficient transfer of assets between the Ethereum mainnet and the Infinaeon Layer-2 network. This bridge enhances interoperability, allowing users to seamlessly move their assets between the two chains and access the benefits of both ecosystems.

This functionality is crucial for attracting users and projects to the Infinaeon network, as it provides a convenient way to participate in the ecosystem without being limited to a single blockchain.

The Infinaeon Presale: Early Participant Bonus

The Infinaeon presale currently offers participants a 6% bonus on all purchases. Currently, 1 INF token is valued at $0.01452 and can be purchased with ETH, BSC, ARB, BASE, MATIC, and a fiat on-ramp solution.

On-chain data reveals significant interest from whales, with some purchases exceeding $10,000 in ETH and BNB. This suggests that large investors recognize the potential of Infinaeon’s Layer-2 scaling solution and its deflationary tokenomics, contributing to the growing momentum surrounding the presale.

For further information about the Infinaeon project and presales, users can visit https://infinaeon.com/

About Infinaeon

Infinaeon is a Layer-2 scaling solution designed to address high gas fees and slow transaction speeds on Ethereum. Its key features include a deflationary token with a burn mechanism, a decentralized exchange (DEX) called Infinity Swap, and an auto-compounding staking system. The project is currently in its presale phase, offering early participants a bonus on their token purchases.

Elon Musk gave Dogecoin (DOGE) another shoutout on Joe Rogan yesterday, rocketing the coin’s price.

DOGE is up 9% in the past day, showing how just a mention can initiate a buying spree.

Meanwhile, crypto analysts are also hyped about Pepe Unchained (PEPU) – with one even predicting it could pump after its presale ends.

Musk’s “DOGE” Comment Accidentally Triggers 9% Price Rally

Dogecoin’s latest price spike proves once again that when Elon Musk speaks, the market listens.

Even if he’s not talking about crypto.

The coin is up significantly after Musk’s appearance on The Joe Rogan Experience, where he discussed plans for a “Department of Government Efficiency” – or DOGE for short.

Interestingly, Musk wasn’t even referencing the OG meme coin.

His DOGE proposal, mentioned in connection with Donald Trump’s presidential campaign, is actually about streamlining government operations and potentially saving trillions in tax spending.

However, for crypto traders, the mere mention of those four letters was enough to trigger a wave of buying demand.

This isn’t the first time Musk’s words have moved markets.

The Tesla CEO’s history of crypto influence dates back years, and even this indirect reference has sent Dogecoin’s price rallying.

It remains to be seen whether it’s just a temporary pump – but Musk’s influence on the crypto market is undeniable.

Election Uncertainty Rocks Meme Coins as Bitcoin ETFs See Huge Outflows

Although DOGE is performing well, the broader meme coin market is sending mixed signals.

DOGE and SHIB have posted gains, but other popular coins are struggling for momentum.

PEPE and BRETT are down slightly – while PONKE has taken the biggest hit with a 13% drop.

So, what’s behind this choppy price action?

All eyes are on today’s election, and due to the uncertainty, the total market cap of meme coins has slipped to $58 billion.

Bitcoin’s current struggle under $69,000 isn’t helping either.

When Bitcoin struggles, meme coins tend to follow suit.

The uncertainty is showing up in trading patterns, too.

Spot Bitcoin ETFs just logged their second-largest daily outflow ever, with investors pulling over $541 million yesterday.

That’s a sign that institutional investors are getting nervous.

With Trump and Harris’ battle going down to the wire, many traders are opting to wait and see how things play out before committing more capital to the market.

99Bitcoins Analyst Predicts Pepe Unchained Could 100x as Presale Hits $24.7M Milestone

Market apprehension may have people playing it safe – but that isn’t impacting Pepe Unchained.

The project just hit $24.7 million in raised funds, with investors piling into the presale at $0.01219 per token.

And according to one crypto expert, this could just be the beginning.

Umar Khan, an analyst for 99Bitcoins, dropped a Pepe Unchained review that’s got everyone talking.

Khan points to a perfect storm of catalysts that could send PEPU’s price soaring.

He even claimed that PEPU could 100x once listed on exchanges.

Most of his excitement comes from Pepe Unchained’s market timing.

With Bitcoin recently nearing its all-time high and the election potentially bringing in a pro-crypto administration, Khan believes meme coins could be primed for a huge run.

Pepe Unchained would profit from these conditions.

Khan is also bullish on Pepe Unchained’s Layer-2 technology and the project’s 96% APY staking app.

Investors have already locked up over 1.6 billion tokens in this app.

Add in the planned DEX listing and the launch of developer grants, and you’ve got what Khan believes is major profit potential.

As with all crypto investments, nothing is set in stone.

But given Khan’s bullish outlook on Pepe Unchained’s prospects, some investors are rushing to participate in the presale before the next price increase.

Visit Pepe Unchained Presale

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TL;DR

• Dogecoin pumped substantially following Elon Musk’s latest comments on a possible “D.O.G.E.” government department.
• Analysts speculate on DOGE’s potential for $1, with some citing Trump’s possible victory as a factor that could drive sustained hype.

DOGE’s Rally

The cryptocurrency sector is slightly in the red today (November 5), with its global market capitalization dropping by over 2% to around $2.38 trillion (per CoinGecko’s data). Bitcoin (BTC) currently trades at around $68,500 (roughly the same level witnessed 24 hours ago), while Ethereum (ETH) is down by 1.7%. 

One leading digital asset that is defying the negative trend is Dogecoin (DOGE). The OG meme coin experienced a 10% price increase on a daily scale, rising to almost $0.17.

Its impressive performance could be attributed to Elon Musk’s comments during his recent appearance on Joe Rogan’s podcast. Tesla’s CEO once again talked about establishing a Department of Government Efficiency (D.O.G.E.) should Donald Trump win the US presidential elections.

This time, Musk shed much more details, claiming the potential division will aim to solve the problem with “the suffocating massive federal bureaucracy” and control the government’s spending, which has gone through the roof in the past years. 

“Our interest payments on national debt now exceed the Defense Department budget. America is on the path to bankruptcy, so we have to cut government spending, or we are just going to go bankrupt just like a person would if he overspends.”

Tesla’s boss is a huge supporter of Dogecoin and one of the most influential people who publicly endorsed Trump for president. As such, it is safe to assume that the final results of the elections could trigger additional price volatility for DOGE. 

Is the $1 Target Plausible?

Numerous analysts noted DOGE’s resurgence, envisioning further increases in the future. One of those who chipped in was the X user Satoshi Flipper.

The trader believes a Trump victory could result in a Dogecoin price rally to as high as $1 due to the constant potential interactions about the Department of Government Efficiency in the next four years.

#DOGECOIN/usdt WEEKLY$DOGE hodlers are going to be so happy when Musk & the US government post about the Department of Government Efficiency ( D.O.G.E ) NON-STOP for the next 4 years

If Trumps wins, $DOGE —> $1 pic.twitter.com/csowJCIOGA

— Satoshi Flipper (@SatoshiFlipper) November 4, 2024

Hitting the $1 milestone seems unlikely at the moment, considering that the meme coin’s market cap must rise above $140 billion for that to happen. DOGE’s capitalization stands at around $24.5 billion, but let’s not forget that it exploded above $90 billion in May 2021.