The $PENGU token is all over the internet since it's launched. You might be wondering what's this token and why is it so famous.

As the token is listed on Binance so let’s explore more about PENGU. This was also airdropped to BNB holders. We will discuss how you can get free airdrops.

What is Pengu?

PENGU is the official token of the Pudgy Penguins NFT collection

The Pudgy Penguins project has long been a symbol of positivity and innovation within the NFT and crypto space. Known for its iconic penguin-themed NFTs and community-driven ethos, Pudgy Penguins has expanded its ecosystem with the introduction of the $PENGU token.

Here is the sneak peak of the Pudgy penguins NFT collection.

The Pudgy Penguins NFT collection was launched on the Ethereum blockchain and has grown into one of the biggest NFT projects. But PENGU token was launched on Solana chain.

What is the Project Mission & Value Proposition?

  • Project mission

    • To grow the Pudgy Penguins community and build a community of people that resonate with the character and brand and are a beacon of memetic culture, a bastion of good vibes, and people that want to signify their role in the historic underdog story of Pudgy Penguins. 

  • Value Proposition

    • The token has no utility associated with it as it is simply a way for people to join the Pudgy Penguins community. The Pudgy Penguins brand will continue to break barriers with consumers through different retail, content, gaming, and social initiatives.

PENGU Tokenomics

The total supply and max supply of PENGU is 88,888,888,888. The circulating supply upon listing on Binance will be 62,415,951,646 (including HODLer airdrop token rewards).

How is the roadmap of how the supply will be distributed.

Based on the above chart:

  • 25.9% will be reserved for the Pudgy Penguins community, which is likely to include Pudgy Penguins and Lil Pudgy holders, and potentially holders of other Pudgy assets like PenguPins (commemoration soulbound tokens) and Pudgy Rods.

  • 24.12% of the total supply is allocated to other communities to expand the size of the Pudgy Penguins community, bringing an estimated five million new huddle members on board. This also includes binance hodler airdrop

  • 12.35% of the total supply will be used to create liquidity pairs on decentralized exchanges and grow a thriving market for PENGU after launch.

  • 17.8% of the total supply is allocated to the project team and subject to a 1-year cliff and 3 years vesting.

  • 11.48% of the total supply is reserved for the company and will be used for development and marketing ventures.

29.78% of the PENGU token supply and here is how it will be released.

PENGU airdrop was also shared with the users who are subscribed to binance Simple earn.

What is Binance HODLer Airdrops ?

Binance holders airdrops is really a simple way to earn free money as there is no risk involved.

This unique benefit is reserved for users who staked their BNB in Fixed Staking or Simple Earn products on Binance. Users who subscribed their BNB to Simple Earn products from 2024-12-09 00:00 (UTC) to 2024-12-12 23:59 (UTC) will get the airdrops distribution of Pengu tokens.

If you haven’t done so already, it’s too late to get this airdrop- however, you can join BNB staking now to qualify for future airdrops.

How can you subscribe to simple earn to get the future airdrops?

Go to binance.com and fine the "Earn" option as pointed in the below screenshot.

You can find this option on Binance app as well

Use your BNB holdings to subscribe to term or demand earn products.

By subscribing, you automatically qualify for the Holder airdrop as well as other benefits like Launchpool and Megadrop rewards.

I hope you liked the information i shared about the token. I would like to hear your thoughts on it.