This research report aims to deeply explore the relevant issues of the project and provide valuable information to investors. This article does not constitute any investment advice, please invest rationally.
Worth noting:
From 08:00 on December 9, 2024 to 07:59 on December 13, 2024 (GMT+8), users who use BNB to purchase regular and/or current products on the EarnCoin platform will receive airdrop allocations.
Token Name: Pudgy Penguins (PENGU)
Total supply of tokens: 88,888,888,888 PENGU
Maximum token supply: 88,888,888,888 PENGU
Total HODLer airdrop tokens: 2,666,666,666.64 PENGU (3% of the maximum token supply)
Circulating supply before Binance listing: 62,415,951,646 PENGU (of the maximum supply of tokens)
Project Introduction
Pudgy Penguins (PENGU) is an NFT project featuring cute penguins. It was originally launched on Ethereum and quickly became one of the top NFT series. In order to expand the ecological influence, Pudgy Penguins launched the native token PENGU and issued it on the Solana blockchain, planning to achieve cross-chain expansion. The project not only relies on strong community support and brand culture, but also incentivizes user participation and interaction through tokens, aiming to create a multi-chain, cross-border global cultural brand and promote the deep integration of Web3 ecology and traditional markets.
Project Investment
The project completed its seed round of financing in May 2023, raising $9 million, with investments from 1kx*, Shima Capital, Big Brain Holdings, Kronos Research, Old Fashion Research, CoinGecko Ventures and other institutions.
Project Advantages
Strong brand influence: Pudgy Penguins has a huge global fan base, and the project has a wide influence on social media and physical goods (such as toys), and has become one of the iconic brands in the NFT field.
Cross-chain strategy: PENGU tokens are issued on the Solana blockchain and are planned to be expanded to other blockchains such as Ethereum, ensuring cross-chain compatibility and wider user coverage, improving liquidity.
Community-driven: Pudgy Penguins emphasizes community participation and contribution. Token holders are not only fans, but also part of the brand, which drives the long-term development and sustainable growth of the project.
Innovative token economy: PENGU tokens have multiple functions. They are both utility tokens and cultural tokens, which enhance the interaction and sense of belonging between users and brands and improve the long-term value of tokens.
Combination of NFT culture and practicality: Pudgy Penguins is not only an NFT collection project, but also combines brand culture with practical functions by launching the PENGU token, further expanding its application scenarios in the Web3 ecosystem.
Deep connection between brand and users: Through NFT and tokens, Pudgy Penguins enables fans to connect with the brand in a whole new way, forming a closer user community, and increasing fan loyalty and brand value.
Diversified Ecosystem: Pudgy Penguins is not limited to digital assets, but also covers physical goods, social media content, etc., building a diversified ecosystem and enhancing the market penetration of the project.
Token Information
Max Supply: 88,888,888,888 PENGU
Current Circulation: 623,125,000 PENGU
Total HODLer airdrop: 2,666,666,666.64 PENGU (3% of maximum supply)
Team, investors and consultants: 29.78%
HODLer Airdrop: 3%
Liquidity: 12.35%
Community airdrop: 47.87%
Charity: 4%
Promotion and marketing: 3%
Project Evaluation
Pudgy Penguins (PENGU) is an NFT project that combines strong brand culture and innovative technology. With its unique penguin image and cross-chain expansion strategy, it has successfully attracted a large number of fans and users. By launching the native token PENGU, the project not only provides more opportunities for community members to interact, but also provides strong support for the brand's global influence. Its token economic model has practical and cultural attributes, which promotes the development of the Web3 ecosystem. However, as the competition in the NFT market becomes more and more fierce, the project needs to maintain innovation and steadily expand to ensure long-term market competitiveness. Overall, Pudgy Penguins has great development potential and is suitable for investors who focus on culture and brand value.
