PENGU TOKEN
What is PENGU?
PENGU is more than just a cryptocurrency; it's a badge of resilience, community, and creativity. Built on the Binance Smart Chain, PENGU embodies the light-hearted appeal of meme coins while bringing robust functionality and community-focused initiatives. With its penguin mascot at the forefront, the coin has swiftly gained traction in the crypto space.
Why PENGU Stands Out
Community-Centered Approach
PENGU thrives on its vibrant and inclusive community. In the light of decentralized governance, holders have a say in the coin's future direction to make sure that decisions are taken which cater to the collective interest of the community.
Pudgy Penguins, one of the most popular NFT projects, has just released its native token, PENGU, on December 17, 2024. To be listed on Binance, the trading pairs will include USD, BNB, FDUSD, and TRY.
Token Distribution
Total Supply: 88.88 billion PENGU tokens.
Community Allocation: 25.9% distributed to Pudgy Penguins NFT holders.
Other Communities: 24.12% allocated to other Web3 communities, including Azuki, Bored Ape Yacht Club, and Doodles.
Team Allocation: 17% reserved for the Pudgy Penguins team, with a one-year cliff and a three-year vesting period.
Liquidity Pools: 12.35% is allocated to liquidity pools to facilitate trading.
Igloo Inc.: 11.48% was allocated to Igloo Inc., the parent company of Pudgy Penguins, under the same vesting conditions as the team.
Public Goods and Brand Expansion: Smaller percentages set aside for public goods and professional brand expansion.
Airdrop Details
The project carried out a major airdrop, minting tokens to eligible NFT holders and traders. Main Pudgy Penguins NFT holders received close to 1.7 million PENGU tokens each, while Lil Pudgy owners were allocated around 188,000 PENGU tokens. The claim period for the airdrop is open for 88 days, ending on March 15, 2025.
Market Performance:
Immediately after listing, PENGU became very volatile. The token surged by more than 500% within the first 24 hours of trading and climbed to an all-time high of $0.05, only to witness a sharp correction that shaved its price by more than 50%.