Binance has just announced the fifth Airdrop project on Binance's HODLer Airdrop portal. The Pudgy Penguins (PENGU) project is a coin issued by Pudgy Penguins and has over 50 billion views on social media, with products in millions of homes worldwide and one of the strongest cryptocurrency communities. Rewards for BNB holders through exclusive token airdrops. Let's quickly learn about what Pudgy Penguins (PENGU) is and how to receive the HODLer Airdrop at Binance.
What is Penguins (PENGU)?
Pudgy Penguins is a well-known NFT project that first launched on the Ethereum blockchain in 2021. A brand born on web3, promoting creativity, freedom, and community. This token is a significant advancement, opening many opportunities for community participation and value addition in the Pudgy Penguins ecosystem. From a unique NFT collection, the project has expanded into a large ecosystem with the launch of the PENGU Token on the Solana blockchain by the end of 2024.
What are the mission goals and values of the project?
The main goal of Pudgy Penguins is not just to remain an NFT collection but to develop into a global brand, aiming to provide interactive experiences through NFTs, blockchain, and digital assets. Nurturing diverse perspectives and ideas, we are all working to build a widely applicable Web3 brand.
The mission goals of the project
To grow the Pudgy Penguins community and build a community of people who empathize with the characters and brand, while also being a beacon of meme culture, a stronghold of good vibes, and those who want to express their role in the historical narrative 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 various retail, content, gaming, and social initiatives.
Notable Events of Pudgy Penguins
2021: Launched the Pudgy Penguins NFT collection, quickly attracting attention.
2023: Became one of the largest NFT collections on Ethereum despite the downturn in the NFT market.
2024: Announced and launched the PENGU Token on Solana, expanding the ecosystem.
2025: Plans to integrate the token with DeFi applications, staking, and the metaverse.
Advantages & Disadvantages
Advantages
Strong Brand: Pudgy Penguins has been recognized as one of the top NFT collections,
Diverse Blockchain Strategy: Deploying the token on Solana allows the project to save costs and expand its application capabilities.
Community Support: A large portion of tokens allocated to the community helps reinforce user engagement and loyalty.
Disadvantages
Market Risk: The value of the PENGU Token depends on the overall development of the crypto market and the project's community.
Effect: As an NFT - MEME project, market crowd effects and FOMO are essential; if there is no value, it will decline.
Cross-Chain Challenges: The decision to use two blockchains may confuse or deter some Ethereum investors.
Founding Team
The Pudgy Penguins team is a group of young and creative builders, thinkers, operators, and creators, all united with the goal of developing Pudgy Penguins into the world's fastest-growing web3 brand. Currently, the Pudgy Penguins team is gradually focusing on building the brand based on community values and the potential to expand into other fields such as gaming, decentralized finance (DeFi), and the metaverse.
Tokenomics of PENGU Token
As of December 16, 2024, the total supply and maximum supply of PENGU is 88,888,888,888. The circulating supply upon listing on Binance will be 62,415,951,646 (including the HODLer airdrop token rewards).
Token Name: Pudgy Penguins (PENGU)
Total Token Supply: 88,888,888,888 PENGU
Max Token Supply: 88,888,888,888 PENGU
The PENGU Token serves as the 'Master Coin' of the Pudgy Penguins ecosystem, designed with a distribution structure to encourage long-term community engagement:
1. Token Distribution:
29.78% : Team, Investor and Advisors
3% HODLer Airdrop
12.35% : Liquidity
47.87% : Community Airdrop
4% : Public Good
3% : Proliferation & Marketing
Token release schedule:
Key metrics (as of December 16, 2024)
Who will the airdrop be allocated to?
Users who registered BNB in Simple Earn products from 07:00 on December 9, 2024 (Vietnam Time) to 06:59 on December 13, 2024 (Vietnam Time) will receive an airdrop.
Airdrop and Distribution Details
Users who registered BNB in Simple Earn products from 07:00 on December 9, 2024 (Vietnam Time) to 06:59 on December 13, 2024 (Vietnam Time) will receive an airdrop.
Information about the estimated HODLer Airdrop will be provided after 12 hours, and the new tokens will be allocated to users' Spot Wallets 1 hour before trading begins.
Binance will then list PENGU at 21:00 on December 17, 2024 (Vietnam Time) and open trading with USDT, BNB, FDUSD, and TRY pairs. Seed tags will apply to PENGU.
Details about HODLer Airdrop PENGU
Token Name: Pudgy Penguins (PENGU)
Total Token Supply: 88,888,888,888 PENGU
Maximum Token Supply: 88,888,888,888 PENGU
HODLer Airdrop token rewards: 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 token supply and maximum token supply)
Smart contract details: Solana 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv
Research report: Pudgy Penguins (PENGU) (will be available within 12 hours after this announcement)
Hard Cap rewards for each user: Average BNB held by the user / Total average BNB heldTotal HODLer Airdrop rewards100 ≤% Total HODLer Airdrop rewards * 4%
What is Binance's HODLer Airdrop?
Binance's HODLer Airdrop rewards will be retroactively given to BNB holders based on historical snapshots of their BNB balances in Simple Earn Flexible or Locked products. Those who subscribe to Simple Earn automatically qualify for token rewards without any additional action.
Benefits of HODLer Airdrops:
Passive rewards: Earn tokens based on the amount of BNB held in the past without needing to actively participate.
Eligible for multiple rewards: Qualifies for Launchpool, Megadrop, and HODLer Airdrops simultaneously.
Convenience: Snapshots are taken hourly, ensuring fair distribution.
How to participate in future HODLer Airdrops
Go to the [EARN] section on Binance.
Search for BNB and subscribe to Simple Earn Flexible or Locked products.
Binance will use historical snapshots of user balances to calculate rewards, which will be distributed to eligible Spot Wallets within 24 hours after the airdrop announcement.
Summary
Pudgy Penguins and the PENGU project have a unique token that bridges NFTs and cryptocurrency. It can create imagery, maintain perspectives, and develop them into a clear project. With a solid development strategy, a creative team, and cross-chain expansion potential, this is a project worth following in the crypto space. For all new projects, take the time to learn and research. Trading Insight will provide ample information and knowledge for you to gain a better perspective on the current and future market. Don't forget to follow and interact with Trading Insight!
