The beloved NFT project Pudgy Penguins is gearing up to release its native cryptocurrency, $PENGU, on the Solana blockchain this year. Designed to expand the project’s ecosystem, the token will strengthen its footprint in digital and physical markets, with nearly 26% of the total supply reserved for the Pudgy Penguins community.
👉 Discover how $PENGU could reshape NFT utility
What Is the $PENGU Token?
$PENGU is a community-centric cryptocurrency integrated into the Pudgy Penguins universe. Key features include:
- Blockchain: Solana (high-speed, low-cost transactions).
- Total Supply: 88,888,888,888 tokens.
Allocation:
- 25.9% for Pudgy Penguins NFT holders and community.
- 24.12% for new "Huddle" members and partner communities.
- 17.8% for team members (1-year cliff + 3-year vesting).
- 11.48% held by the company under similar vesting terms.
The token aims to fuel community-driven growth, NFT utility, and future ventures like games and retail collaborations.
Expected Launch Timeline
While an exact 2024 date remains unconfirmed, $PENGU’s release is anticipated to align with Pudgy Penguins’ expansion into:
- NFT Collections: Enhanced perks for holders.
- Gaming: In-game rewards and assets.
- Retail: Token-gated merchandise or experiences.
Updates will be shared via Pudgy Penguins’ official channels as the launch nears.
FAQs About $PENGU
1. How can I qualify for the community allocation?
Hold a Pudgy Penguins NFT or participate in approved "Huddle" activities. Specifics will be announced pre-launch.
2. Why Solana?
Solana’s scalability and low fees make it ideal for high-volume token transactions and NFT integrations.
3. Will $PENGU be tradable on exchanges?
Yes, though initial listings (e.g., OKX, Binance) depend on post-launch partnerships.
👉 Explore Solana’s advantages for NFT projects
Disclaimer
This article is for informational purposes only. Conduct independent research before making financial decisions.
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