Trump-led American Bitcoin Seeks Nasdaq Listing: PepeNode Introduces P2E Gaming for Mining
In a recent development, the meme coin PepeNode ($PEPENODE) and the upcoming public company American Bitcoin have announced exciting collaborations that could shake up the crypto landscape.
PepeNode, a unique mine-to-earn meme coin, offers its users a chance to build a virtual mining rig and earn rewards for referrals. The coin operates on the Ethereum blockchain and provides an opportunity for users to compete against each other, driving earnings. Users can also earn PepeNode tokens as well as bonuses in other meme coins like $PEPE and $FARTCOIN.
On the other hand, American Bitcoin, a company majority-owned by energy and digital infrastructure company Hut 8 (80%) and the Trump family (20%), is planning to go public on the Nasdaq through a merger with Gryphon Digital Mining. The deal, expected to close soon, will see American Bitcoin trade under the ticker ABTC possibly as early as September 2025.
American Bitcoin has already raised $220M in capital and has contributed $10M in Bitcoin directly into its treasury. The company is positioning itself not just as a miner but as a Bitcoin accumulation platform, combining mining with direct purchases to build a substantial reserve.
The Winklevoss twins, co-founders of crypto exchange Gemini, have thrown their support behind American Bitcoin. Eric and Donald Trump Jr are also devout advocates of Bitcoin and crypto in general, adding to American Bitcoin's growing list of high-profile backers.
In a strategic move, American Bitcoin is further exploring acquisitions in Asia, particularly in Japan and Hong Kong, to enable investors in regions with limited Nasdaq access to invest indirectly in Bitcoin-linked assets. This move could significantly expand American Bitcoin's user base and influence in the Asian market.
Interestingly, 70% of tokens used for upgrades in PepeNode are burned, creating deflationary tokenomics. This could potentially increase the value of PepeNode over time, especially if the coin benefits from the latest development in the political-crypto empire.
The founder of PepeNode remains unidentified in the available search results, adding an air of mystery to this innovative meme coin. As the collaborations between PepeNode and American Bitcoin unfold, the crypto world eagerly awaits to see how these developments will shape the future of digital currencies.
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