Binance Sets To List Pudgy Penguins NFT Coin, $PENGU, Today Dec 17

Binance,
the
largest
cryptocurrency
exchange
by
trading
volume,
is
set
to
list
Pudgy
Penguins’
native
token
$PENGU
today,
December
17,
2024.
The
Pudgy
Penguins
NFT
team
announced
plans
to
launch
their
native
token
“PENGU’
earlier
last
week.
In
this
article,
we
shall
exclusively
explore
all
that
you
need
to
know
starting
from
$PENGU’s
official
launching
time,
airdrop,
and
tokenomics.

Tomorrow.

$PENGU.

pic.twitter.com/80LHuf9vZj

—
Pudgy
Penguins
(@pudgypenguins)

December
16,
2024

What
Is
Pudgy
Penguins’
$PENGU?

By
description,
$PENGU
is
the
official
token
of
the
Pudgy
Penguins,
the
globally
acknowledged
non-fungible
token
collection,
which
features
a
limited
edition
of
8,888
unique
cartoons
of
cute
penguins.
The
Pudgy
Penguins
NFT
collection
was
launched
in
July
2021
exclusively
on
the
Ethereum
blockchain
and
has
grown
into
one
of
the
biggest
NFT
projects
in
the
NFT
market.

The
Pudgy
Penguins
team
announced
their
native
token
on
December
06,
2024.
In
a
blog
post
on
X
(formerly
Twitter),
the
Pudgy
Penguins
stated
that
the
native
token
would
offer
millions
of
its
fans
the
chance
to
align
with
the
brand’s
vision.
The
introduction
of
the
PENGU
token
is
part
of
Pudgy
Penguins’
broader
strategy
to
grow
its
ecosystem.
PENGU
is
set
to
launch
today
Dec
17,
at
14:00
UTC
on
the
Solana
blockchain
network.

Though
the
$PENGU
token
will
first
launch
on
the
Solana
blockchain
network,
it
will
eventually
expand
to
Ethereum
and
Abstract,
the
consumer-focused
Ethereum
layer-2
scaling
network
being
built
by
Igloo
Inc.
Unveiled
in
June
2024,
Igloo
is
the
parent
company
for
the
Pudgy
Penguins.
By
launching
PENGU
on
the
Solana
blockchain
network,
the
Pudgy
Penguins
NFT
team
aims
to
reach
an
entirely
new
audience.

$PENGU
Tokenomics

Based
on
the
Pudgy
Penguins
tokenomics
table,
the
$PENGU
token
will
feature
a
limited
supply
of
88
billion.
The
Pudgy
Penguin
team
has
allocated
25.9%
of
the
Pengu
tokens
for
the
Pudgy
Penguins
community,
which
is
likely
to
include
Pudgy
Penguins
and
Lil
Pudgy
holders,
and
potentially
holders
of
other
pudgy
digital
assets
like
Pengu
Pins
(commemoration
soulbound
tokens)
and
Pudgy
Rods.

PENGU
will
have
a
total
supply
of
88,888,888,888
and
will
launch
on
Solana.

Check
out
our
tokenomics
and
distribution
below:

pic.twitter.com/I8WFBBa3mW

—
Pudgy
Penguins
(@pudgypenguins)

December
6,
2024

The
Pudgy
Penguins
team
has
allocated
It
has
also
allocated
24.12%
of
the
total
supply
to
other
communities
to
expand
the
size
of
the
Pudgy
Penguins
community,
bringing
an
estimated
five
million
new
huddle
members
on
board.
It
has
also
reserved
12.35%
of
the
total
supply
to
create
liquidity
pairs
on
decentralized
exchanges
and
grow
a
thriving
market
for
PENGU
after
launch.

Furthermore,
the
Pudgy
Penguins
team
has
also
reserved
17.8%
of
the
total
supply
to
the
project
team
and
subject,
at
a
1-year
cliff
and
3
years
vesting.
It
has
also
reserved
11.48%
of
the
total
supply
for
the
company,
which
will
be
used
for
development
and
marketing
ventures.
Lastly,
the
team
has
reserved
0.35%
to
the
FTX
exchange
token
holders
and
4%
of
the
token
supply
to
the
public
good,
in
line
with
the
Pudgy
Penguins’
motto
of
“Spreading
good
vibes
across
the
meta.”

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NFT
News: