I/ What is Pudgy Penguins (PENGU)?

Pudgy Penguins is a popular NFT project, launched on the Ethereum blockchain in 2021, featuring a collection of 8,888 unique penguins. In 2024, the project expanded its ecosystem by releasing the PENGU Token on the Solana blockchain, marking an important step in combining NFTs and digital assets.

II/ Project objectives

Pudgy Penguins aims to become a global brand, providing interactive and engaging experiences through NFTs, blockchain, and the metaverse. The project focuses on expanding the community, increasing long-term value, and building a sustainable ecosystem.

III/ Founding team

The project is led by a young and innovative team. After initial controversy in 2022, Luca Netz bought the project, restructured the team and brought Pudgy Penguins to a strong development with strategic expansion plans.

IV/ Tokenomics PENGU

Total Supply: 88,888,888,888 PENGU


1/ Token allocation:

  • 25.9%: For the current community.

  • 24.12%: Attract new members.

  • 17.8%: Founding and development team (locked for 1 year).

  • 11.48%: Marketing and project development.

  • 12.35%: Liquidity on decentralized exchanges.

  • 4%: Community and public service activities.

2/ Blockchain

PENGU is built on Solana to take advantage of low transaction fees, high processing speed, while keeping NFTs on Ethereum to maintain connection with the existing community.

3/ Airdrop

Pudgy Penguins NFT owners will receive PENGU Tokens via airdrop, no snapshot required, with a claim period of 88 days from launch.

V/ Pudgy Penguins Highlights

  • Strong Brand: As one of the top NFT collectibles, Pudgy Penguins has a current floor price of around 19.49 ETH and a total market capitalization of over $670 million.

  • Diversified blockchain strategy: Use Solana for tokens and Ethereum for NFTs, optimizing user reach.

  • Community Support: Large token allocation ratio for the community, encouraging user engagement and loyalty.

VI/ Disadvantages

  • Market Risk: The value of PENGU Token depends heavily on the development of the crypto market and the engagement of the project community.

  • Multi-chain challenges: Using two blockchains can be confusing or less appealing to some investors who are only familiar with Ethereum.

VII/ Important notes when investing

  • High Volatility: PENGU Token price can fluctuate greatly according to the market.

  • Research: Investors need to fully understand the project, tokenomics and associated risks before participating.

VIII/ Notable milestones

  • 2021: Pudgy Penguins NFT Collection Launched.

  • 2022: Luca Netz acquires the project and announces new development plans.

  • 2023: Become the second largest NFT collection on Ethereum, behind only CryptoPunks.

  • 2024: Release PENGU Token on Solana.

  • 2025: Plan to integrate tokens with DeFi applications, staking, and the metaverse.

1/ Why PENGU launched on Solana instead of Ethereum

Solana was chosen for its low transaction fees and fast processing speeds, which will help the project reach new users and reduce costs. However, NFTs will still operate on Ethereum to maintain the existing community.

2/ The formation and growth process of the collection

Pudgy Penguins was founded with the goal of building a positive community. After a leadership change in 2022, the project has rebounded strongly under the leadership of Luca Netz, expanding from NFTs to physical toys like Pudgy Toys, distributed at Target, Walmart, and Amazon.

IX/ Where to buy PENGU Token?

PENGU Token will be listed on major exchanges such as Binance, Coinbase, Bybit, OKX. Users can participate through the Binance HODLer Airdrops program as follows:

1. PENGU HODLer Airdrop Details

  • Token Name: Pudgy Penguin (PENGU)

  • Total Token Supply: 88,888,888,888 PENGU

  • Maximum Token Supply: 88,888,888,888 PENGU

  • HODLer Airdrop Token Reward: 2,666,666,666.64 PENGU (3% of total token supply)

  • Circulating supply upon listing on Binance: 62,415,951,646 PENGU (70.22% of total supply and max)

  • Smart contract details: Solana 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv

  • Hard cap reward for each user: Average BNB holdings by user / Total average BNB holdings Total HODLer Airdrop reward 100% ≤ Total HODLer Airdrop reward * 4%

2/ Introducing Binance HODLer Airdrops

Binance HODLer Airdrops is a program that rewards BNB holders with airdrop tokens based on historical snapshots of their BNB balances. By subscribing BNB to Simple Earn, users will automatically qualify for HODLer Airdrops (as well as Launchpool and Megadrop rewards).

Unlike other earning methods that require constant action, HODLer Airdrops reward users retroactively, providing a simple way to earn more tokens. By staking BNB into Simple Earn products, users can automatically qualify for token rewards.

3/ How to benefit from HODLer Airdrop

  • Go to [Search] and search for BNB.

  • Register for Simple Earn product (Flexible and/or Locked) with the BNB you hold.

  • User balance snapshots and total pool balances will be taken multiple times at any given time every hour to obtain the user's hourly average balance in Simple Earn products (Flexible and/or Locked). Binance will use historical user balance snapshots at random intervals after this announcement to calculate user rewards.

  • Eligible users will receive HODLer Airdrops rewards in their Spot Wallet within 24 hours after HODLer Airdrops are announced.

4/ Other ways of ownership

  • Buy Directly: On exchanges that support Solana.

  • Airdrop: For holders of Pudgy Penguins NFT.

  • Claim and listing time

Claim time: 8:00 p.m. December 17, 2024 (Vietnam time).

Listing time: 9:00 p.m. December 17, 2024 (Vietnam time).

X/ Vision and conclusion

Pudgy Penguins is not just an NFT collection but also represents an innovative ecosystem that combines NFTs and digital assets. With a strong leadership team, clear development strategy, and community expansion plans through PENGU, the project promises to continue to lead the way in the Web3 space.

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