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What Are Pudgy Penguins (PENGU)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
Pudgy Penguins started as a collection of 8,888 unique NFTs but later evolved into a broad Web3 ecosystem with real-world merchandise, business ventures, and a cryptocurrency called the PENGU token.
PENGU’s launch included a major airdrop to both holders and non-holders of Pudgy Penguins NFTs, with millions of tokens distributed to the community.
The PENGU airdrop started on December 17, 2024. Eligible wallets have until March 15, 2025, to claim their tokens.
In addition to the PENGU airdrop, the Binance HODLer Airdrop program also rewarded BNB holders with PENGU tokens. Users who kept their BNB on Binance Simple Earn during the promotion period received the Binance HODLer airdrop automatically.
Introduction
Pudgy Penguins is a well-known NFT (non-fungible token) project that started with a digital collection of cute, cartoon-like penguins. Over time, it has grown into a broader ecosystem that includes real-world applications, business ventures, and a new cryptocurrency called the PENGU token.
The Pudgy Penguins NFT Collection
At its core, Pudgy Penguins is a collection of 8,888 unique NFTs launched on the Ethereum blockchain in July 2021. Each NFT features a cartoon penguin with different traits like colors, accessories, and backgrounds. Some traits are rarer than others, making certain penguins more sought after by collectors.
The collection gained attention quickly, largely because of its fun design and the sense of community it built around its holders.
Source: https://pudgypenguins.com
Pudgy Penguins in the Real World
The team behind Pudgy Penguins has expanded the project beyond digital collectibles. They’ve found ways to bring these cartoon penguins into everyday life and use them as the foundation for a business.
Merchandise
Pudgy Penguins released physical products, like plush toys and clothing, based on their penguin designs. These items appeal to fans of the project and helped introduce the brand to a broader audience outside the crypto space.
Licensing opportunities
If you own a Pudgy Penguin NFT, you also own the intellectual property (IP) rights to that specific penguin. This means you can use it for your own projects, like printing it on merchandise, using it in marketing, or even building a business around it.
Community events
The project organizes events where holders can meet in person. These gatherings help strengthen the community and give members a chance to connect on a personal level.
Business model
The Pudgy Penguins project earns money through multiple streams, including:
NFT sales: When the collection first launched, buyers paid to mint the NFTs, generating revenue for the team.
Royalties: Every time a Pudgy Penguin NFT is resold on a secondary marketplace, the team earns a percentage of the sale.
Merchandise sales: Selling physical products like toys and apparel creates another source of income.
Partnerships: Collaborating with other companies and brands can also bring in revenue while increasing the project’s visibility.
What Is the PENGU Token?
In 2024, Pudgy Penguins introduced the PENGU token, its own cryptocurrency. The token is designed to add more functionality to the ecosystem and give holders new ways to interact with the project.
PENGU is an ERC-20 token built on the Ethereum blockchain. It works alongside the Pudgy Penguins NFTs to offer additional benefits and opportunities for holders.
PENGU Airdrop
In December 2024, Pudgy Penguins launched a big airdrop to distribute PENGU tokens to the community. The list of eligible wallets included holders of the Pudgy Penguins and Lil Penguins NFT collections as well as non-holder wallets that were previously involved with the NFT space.
How to Claim Your PENGU Airdrop
Source: https://claim.pudgypenguins.com
Go to https://claim.pudgypenguins.com/. Make sure you are visiting the correct website. The claim page will be live until March 15, 2025. Unclaimed tokens will be locked in the smart contract forever.
Link your Ethereum or Solana wallet to check if it’s eligible for the PENGU airdrop.
Double-check the URL and approve the connection to your wallet.
Sign the request to prove ownership of your wallet address.
You should now see the total PENGU claimable for the wallet you connected. You can connect multiple wallets to check for eligibility.
Next, you can choose to create an account name or simply skip to claim.
Regardless if you are using an Ethereum wallet or a Solana wallet, you will be asked to provide a Solana wallet to receive the PENGU tokens.
PENGU on the Binance HODLer Airdrop
PENGU was also part of the Binance HODLer Airdrop program, which rewards BNB holders with tokens based on snapshots of their BNB balances. The airdrops are automatically given to those who subscribe BNB to Simple Earn.
The HODLer Airdrop program distributed PENGU to users who subscribed their BNB to Simple Earn products from December 9 to 12, 2024. PENGU was listed for trading on December 17, 2024, with the Seed Tag applied.
Closing Thoughts
Pudgy Penguins started as a simple NFT collection but has grown into something much bigger. It’s a mix of digital collectibles, real-world products, and cryptocurrency, all tied together by a strong community. Pudgy Penguins shows how digital ownership can be combined with real-world applications to create something unique.
Further Reading
Your Guide to Binance Launchpad and Launchpool
Your Guide to Binance Spot Trading
Top 5 Artificial Intelligence (AI) Cryptocurrencies
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
Pudgy Penguins started as a collection of 8,888 unique NFTs but later evolved into a broad Web3 ecosystem with real-world merchandise, business ventures, and a cryptocurrency called the PENGU token.
PENGU’s launch included a major airdrop to both holders and non-holders of Pudgy Penguins NFTs, with millions of tokens distributed to the community.
The PENGU airdrop started on December 17, 2024. Eligible wallets have until March 15, 2025, to claim their tokens.
In addition to the PENGU airdrop, the Binance HODLer Airdrop program also rewarded BNB holders with PENGU tokens. Users who kept their BNB on Binance Simple Earn during the promotion period received the Binance HODLer airdrop automatically.
Introduction
Pudgy Penguins is a well-known NFT (non-fungible token) project that started with a digital collection of cute, cartoon-like penguins. Over time, it has grown into a broader ecosystem that includes real-world applications, business ventures, and a new cryptocurrency called the PENGU token.
The Pudgy Penguins NFT Collection
At its core, Pudgy Penguins is a collection of 8,888 unique NFTs launched on the Ethereum blockchain in July 2021. Each NFT features a cartoon penguin with different traits like colors, accessories, and backgrounds. Some traits are rarer than others, making certain penguins more sought after by collectors.
The collection gained attention quickly, largely because of its fun design and the sense of community it built around its holders.
Source: https://pudgypenguins.com
Pudgy Penguins in the Real World
The team behind Pudgy Penguins has expanded the project beyond digital collectibles. They’ve found ways to bring these cartoon penguins into everyday life and use them as the foundation for a business.
Merchandise
Pudgy Penguins released physical products, like plush toys and clothing, based on their penguin designs. These items appeal to fans of the project and helped introduce the brand to a broader audience outside the crypto space.
Licensing opportunities
If you own a Pudgy Penguin NFT, you also own the intellectual property (IP) rights to that specific penguin. This means you can use it for your own projects, like printing it on merchandise, using it in marketing, or even building a business around it.
Community events
The project organizes events where holders can meet in person. These gatherings help strengthen the community and give members a chance to connect on a personal level.
Business model
The Pudgy Penguins project earns money through multiple streams, including:
NFT sales: When the collection first launched, buyers paid to mint the NFTs, generating revenue for the team.
Royalties: Every time a Pudgy Penguin NFT is resold on a secondary marketplace, the team earns a percentage of the sale.
Merchandise sales: Selling physical products like toys and apparel creates another source of income.
Partnerships: Collaborating with other companies and brands can also bring in revenue while increasing the project’s visibility.
What Is the PENGU Token?
In 2024, Pudgy Penguins introduced the PENGU token, its own cryptocurrency. The token is designed to add more functionality to the ecosystem and give holders new ways to interact with the project.
PENGU is an ERC-20 token built on the Ethereum blockchain. It works alongside the Pudgy Penguins NFTs to offer additional benefits and opportunities for holders.
PENGU Airdrop
In December 2024, Pudgy Penguins launched a big airdrop to distribute PENGU tokens to the community. The list of eligible wallets included holders of the Pudgy Penguins and Lil Penguins NFT collections as well as non-holder wallets that were previously involved with the NFT space.
How to Claim Your PENGU Airdrop
Source: https://claim.pudgypenguins.com
Go to https://claim.pudgypenguins.com/. Make sure you are visiting the correct website. The claim page will be live until March 15, 2025. Unclaimed tokens will be locked in the smart contract forever.
Link your Ethereum or Solana wallet to check if it’s eligible for the PENGU airdrop.
Double-check the URL and approve the connection to your wallet.
Sign the request to prove ownership of your wallet address.
You should now see the total PENGU claimable for the wallet you connected. You can connect multiple wallets to check for eligibility.
Next, you can choose to create an account name or simply skip to claim.
Regardless if you are using an Ethereum wallet or a Solana wallet, you will be asked to provide a Solana wallet to receive the PENGU tokens.
PENGU on the Binance HODLer Airdrop
PENGU was also part of the Binance HODLer Airdrop program, which rewards BNB holders with tokens based on snapshots of their BNB balances. The airdrops are automatically given to those who subscribe BNB to Simple Earn.
The HODLer Airdrop program distributed PENGU to users who subscribed their BNB to Simple Earn products from December 9 to 12, 2024. PENGU was listed for trading on December 17, 2024, with the Seed Tag applied.
Closing Thoughts
Pudgy Penguins started as a simple NFT collection but has grown into something much bigger. It’s a mix of digital collectibles, real-world products, and cryptocurrency, all tied together by a strong community. Pudgy Penguins shows how digital ownership can be combined with real-world applications to create something unique.
Further Reading
Your Guide to Binance Launchpad and Launchpool
Your Guide to Binance Spot Trading
Top 5 Artificial Intelligence (AI) Cryptocurrencies
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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Binance News
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Crypto Investor Loses $25 Million Due to Address Error
According to Cointelegraph, a crypto trader known by the pseudonym qklpjeth recently disclosed a significant financial loss due to a simple error. In June, qklpjeth mistakenly transferred 7,912 Renzo restaked ETH (ezETH), valued at $26.4 million at the time, to an incorrect safe contract address. This mistake resulted in the funds being locked and inaccessible. The investor explained that the error was due to copying the wrong address, leading to the unfortunate situation.Despite the incident occurring nearly five months ago, qklpjeth has only recently sought assistance from white hat hackers on social media platform X, after traditional recovery methods proved unsuccessful. The investor hopes that someone might identify a smart contract vulnerability that could enable the recovery of the lost funds. The crypto community has been responsive, with suggestions such as contacting the Renzo protocol to modify their token contract. However, qklpjeth had already reached out to Renzo, who were unable to assist due to regulatory constraints.Harrison Seletsky, director of business development at SPACE ID, commented on the incident, describing it as a "wake-up call" for the crypto industry to improve user experience. He emphasized the need for better systems to prevent such costly errors, highlighting that simple mistakes like copying and pasting incorrect addresses should not result in massive financial losses. Seletsky pointed out that for mass adoption of cryptocurrencies to occur, users must feel secure in their transactions without the fear of losing assets due to minor errors. He stressed that enhancing user experience, particularly in crypto transactions, is crucial for the industry's growth and acceptance.
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