Pudgy Penguins, the highly anticipated blue-chip NFT project, launched on the evening of December 17, accompanied by a major airdrop. The PENGU airdrop has already been claimed over 100,000 times, although overwhelming traffic temporarily caused API issues. According to the latest data, the PENGU token opened at a peak price of $0.07, with its Fully Diluted Valuation (FDV) reaching as high as $6.2 billion, though the price has since declined. This airdrop not only fueled a significant surge in Pudgy Penguins NFT prices but also expanded its community and ecosystem influence. Now, let’s guide you through a comprehensive understanding of Pudgy Penguins.
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What is Pudgy Penguins (PENGU Coin)?
Pudgy Penguins, a collection of 8,888 distinctively crafted digital penguin NFTs, has seen a surge in popularity since its debut on the Ethereum network in 2021. Celebrated for its endearing community spirit, Pudgy Penguins has emerged as a favored project in the Web3 realm, with an expanding ecosystem.
Towards the end of 2024, the Pudgy Penguins community witnessed a pivotal moment with the introduction of the PENGU Coin, the project’s native token, on the Solana blockchain. This transition signified a leap from a standalone NFT project to a vibrant ecosystem, presenting fresh avenues for community interaction and expansion.
The PENGU Coin is engineered to drive a suite of utilities within the Pudgy Penguins realm. It facilitates staking, allows for governance rights, and grants exclusive benefits to token holders, thereby encouraging active participation and deeper involvement. The PENGU Tokens are designed to amplify the ecosystem’s value while bonding and rewarding the burgeoning community.
This token rollout has established Pudgy Penguins as a leading force in the Web3 arena, forging a link between NFTs and the practical applications of blockchain-based utility tokens.
PENGU Coin Tokenomics: What You Need to Know
The total circulation of PENGU tokens is set at 88,888,888,888, and they will be deployed on the Solana blockchain with the contract address:
2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauvAt the time of its listing on Binance, the circulating supply of PENGU coins was 62,415,951,646 , which represents about 70.22% of the total token supply.
Here is the detailed distribution plan for the PENGU tokens:
- Team, Investors, and Advisors Allocation (29.78%): This portion of the tokens will be subject to a one-year lock-up period, followed by a linear vesting schedule over the subsequent three years.
- Community Airdrop (47.87%): A significant portion is dedicated to community airdrops, fostering engagement and rewarding the project’s supporters.
- Binance HODLer Airdrop (3%): This allocation is specifically for the Binance HODLer airdrop, encouraging holding and participation in the PENGU ecosystem.
- Liquidity Provision (12.35%): To ensure market stability and depth, 12.35% of the tokens will be used to create initial liquidity pools.
- Public Affairs and Development (4%): This allocation supports the project’s commitment to public affairs and its ongoing development initiatives.
- Marketing and Expansion (3%): Reserved for marketing efforts and strategic expansion, this portion aims to increase the project’s reach and influence within the industry.
Where is PENGU Coin Listed?
As of the written time, PENGU Coins are listed on Binance, OKX and other several top crypto exchanges, including decentralized platforms for broader accessibility. Popular exchanges like Binance and Coinbase have expressed interest, while Uniswap remains the go-to for early adopters. Regular updates on PENGU Coin listings can be found on Pudgy Penguins’ official channels.
Binance has declared that PENGU coin will be featured as the 5th project in its HODLer Airdrop series. Users who invest in BNB Earn’s fixed-term and/or demand products on the BNB Earn platform between 08:00 on December 9th and 07:59 on December 13th Beijing time will be eligible for the PENGU airdrop. The commencement of PENGU trading is anticipated for 14:00 December 17, 2024 (UTC), with trading pairs for USDT, BNB, FDUSD, and TRY set to be available.
On the OKX front, PENGU USDT deposits have been enabled, and they have announced that PENGU token trading will be initiated as soon as the deposit volume reaches a level that warrants the opening of trading.
Who Qualifies for the PENGU Airdrop?
The PENGU Token Airdrop is one of the most exciting aspects of its launch. Here’s how you qualify:
- Existing NFT Holders: Owners of Pudgy Penguin NFTs are first in line for the airdrop.
- Community Contributors: Active participants in the community are rewarded based on engagement and contributions.
- Staking and Partnerships: Additional airdrops may be offered to those staking PENGU Tokens or holding partner tokens.
Claiming PENGU Coins from the airdrop is easy via the official Pudgy Penguins dashboard.
PENGU Coin Price: Current Value and Trends
The PENGU/USDT price has seen significant fluctuations since its launch, reflecting strong interest and market activity. With an initial FDV exceeding $6 billion, PENGU Tokens have demonstrated high potential. Investors should monitor platforms like CoinMarketCap and CoinGecko for real-time updates on the PENGU price and market cap.
How to Buy PENGU Tokens?
If you’re looking to purchase PENGU Tokens, here’s a step-by-step guide covering the various methods available:
1. Claim PENGU Tokens Through Airdrops
Community members holding Pudgy Penguins, Lil Pudgys, or Pudgy Rods NFTs may qualify for an exclusive airdrop.
- How to Claim:
- Connect a Solana-compatible wallet (e.g., Phantom).
- Visit the official Pudgy Penguins website and verify your NFT holdings.
- Follow the instructions to claim your tokens.
2. Buy PENGU Tokens on Centralized Exchanges (CEX)
PENGU Tokens are officially listed on Binance, with trading starting on December 17, 2024, at 14:00 UTC.
- Available Pairs: PENGU/USDT, PENGU/BNB, PENGU/FDUSD, and PENGU/TRY.
- Steps to Buy: Deposit funds into Binance, search for PENGU, and execute your trade.
3. Trade on Decentralized Exchanges (DEX)
For decentralized options, PENGU Tokens can be traded on Solana-based DEXs like WEEX, offering a favorable platform for trading pairs such as DRX USDT, BTC USDT, and XRP USDT. Simply connect your wallet, swap SOL or USDT for PENGU, and confirm the transaction.
4. Pre-Market Trading
Platforms like Whales Market offer PENGU Token pre-market trading before the official listing. Be cautious as prices may vary significantly after launch.
Key Considerations
- Fees and Volatility: Understand associated fees and prepare for market fluctuations.
- Research Platforms: Always ensure the authenticity of platforms before making a purchase.
Start your journey today and become part of the Pudgy Penguins ecosystem!
