Pepe Buldak ($BUL) has successfully raised over $2 million during its presale phase, drawing attention across Korea, Asia, and beyond.
The project combines elements of Korean culture with the popular "Pepe" meme, aiming to create a unique platform that promotes the traditional Korean dish known as "Buldak," or spicy chicken.
The presale for $BUL tokens is currently live, with prices set to increase in phases. The total supply of tokens is capped at 4.2 trillion, significantly lower than the original issuance of Pepe tokens, which stood at 420 trillion. The distribution plan allocates 50% for decentralized and centralized exchange liquidity, 20% for mining, and 30% for community rewards, with no tokens reserved for the project team.
Pepe Buldak introduces an "Open Franchise" model, allowing participants to establish franchise operations by staking a minimum of 100 million $BUL tokens.
This approach integrates Web3 innovation with real-world applications, aiming to bridge cultural connections between Korean cuisine and global audiences. The project has undergone smart contract audits by SolidProof and Coinsult, enhancing its security and transparency.
Incorporating features such as automatic staking and gamified experiences through its "Shiba Gimbap NFT," Pepe Buldak seeks to engage users in a community-driven environment.
The project's representatives emphasized the potential for Buldak to gain international popularity, similar to other Korean cultural phenomena like K-pop and television dramas.