2024-12-29
Pudgy Penguins is known for its NFT
collection of adorable penguin-themed characters.
PENGU is the native utility and
governance token of the Pudgy Penguins ecosystem, a prominent NFT project that
began in 2021.
Launched on December 17, 2024, on the
Solana blockchain, PENGU is designed to enhance community engagement and expand
the project's reach.
Key Features of PENGU:
Governance: Holders can
participate in decision-making processes, influencing the project's future
developments and collaborations.
Access to Exclusive Content: Owning PENGU
tokens grants access to special events, early releases, and exclusive content
within the Pudgy Penguins ecosystem.
Staking and Rewards: Token holders
can stake PENGU to earn rewards, incentivizing long-term participation and
support for the ecosystem.
Merchandise and Partnerships: PENGU
integrates with the broader Pudgy Penguins brand, offering token holders access
to limited-edition merchandise, discounts, and VIP event access.
Tokenomics:
The total supply of PENGU is 88.88 billion tokens, distributed as follows:
Pudgy Penguins Community: 25.9%
allocated to holders of Pudgy Penguins NFTs, including Lil Pudgys and Pudgy
Rods, distributed via an airdrop.
Other Web3 Communities: 24.12%
reserved to foster cross-community collaboration and adoption.
Team and Company: 17.8%
allocated to the team, with a vesting schedule to ensure long-term commitment.
Liquidity Pool: 12.35%
dedicated to maintaining active and liquid trading of PENGU tokens.
Public Goods: 4% allocated
to public initiatives and community-driven efforts.
Brand Expansion: 4% reserved
for scaling the Pudgy Penguins brand globally.
FTT Holders: 0.35%
allocated to FTX token holders as part of a broader initiative.
With a significant portion allocated
for community engagement through mechanisms like airdrops. Approximately 25.9% of
the total supply is designated for distribution to the Pudgy community, aiming
to incentivize participation and support project growth.
The token has gained popularity rapidly,
recently overtaking other meme coins in the Solana ecosystem. As of Dec 29,
2024, it has market valuation reaching approximately $2.20 billion.
This makes PENGU the world's 59th most valuable crypto by
market cap.
