After collecting more than 50 billion views of social media and placing toys on shelves in Walmart and goal shops throughout the country, Ethereum NFT project Pudgy Penguins has launched a token.
News from the planned token launch sent the Pudgy Pinguins floor price Skyward, Breach $ 100,000 and became the second largest profile photo (PFP) project in all NFTs.
“The task of a founder in Crypto is to maximize for optimum excitement,” said Pudgy Penguins IP owner Luca Netz in a video interview With Crypto Personality Threadguy.
Now token live from today, December 17. Here is everything you need to know about Pengu about Solana, the tokenomics and how eligible users can claim it.
What is Pengu?
Pengu is the Pudgy Penguins Ecosystezoken that is now live on the Solana blockchain. It has a total stock of 88.88 billion pengu tokens, of which 25.9% is reserved for members of the Pudgy Penguinseco system via an airdrop claim.
“By launching Pengu on Solana, Pudgy Penguins is growing by reaching a whole new audience,” said Igloo IncThe Pudgy Penguin -Mother company on X (previously known as Twitter).
In the past 3 years, Pudgy Penguins has become the face of crypto.
Sitting in millions of households worldwide, collecting millions of followers and gather more than 50 billion views, Pudgy Penguins has cemented in the hearts and spirits of ordinary people and culture. pic.twitter.com/uz2i2k5di111
Although token was first launched on Solana, it will eventually expand to Ethereum and Abstract, the consumer-oriented Ethereum Layer-2-scale network that is being built by Igloo Inc.
For Netz, the Pengu -token offers the millions of Pudgy Penguin fans all over the world to make better contact with the brand, suggesting that tokenization in the core is ‘alignment’.
When does Pengu drop?
Pengu was launched as planned on December 17, 2024. Official links and claim details are only shared and announced of the Pudgy Penguins account on X.
A number of copycat -tokens was made and traded prior to the launch, and tried to dupe investors to buy an active with the same or a similar name. With the official Pengu live now, however, it should be clearer what token the real thing is when it comes to buying fairs.
Who gets the Pengu Airdrop?
More than 88 billion Pengu -Tokens have been beaten on the Solana blockchain, spread over a handful of holder categories as set out by the announcement of the Pudgy Penguins.
Decorate has contacted Pudgy Penguins to get extra clarity about details regarding the token distribution. The numbers below are estimates based on an informative image of pudgy penguins.
25.9%: Pudgy Community
The biggest allocation of Pengu -Tokens is reserved for the Pudgy Penguins community, including but not limited to Pudgy Penguins, Lil Pudgys and Pudgy Rods (aka Rogs) NFT holders.
Owners of the most important pudgy penguins NFTS reportedly received a allocation of just over 1.7 million Pengu, while Lil Pudgy owners received more than 188k Pengu and Pudgy ROD holders between 105k and almost 195k received tokens, depending on the level of the sense.
Project leader Luca Netz confirmed that no snapshot has been made To catch holders, and instead, those who hold the assets get access to Pengu at the time of the tokentamen. It is not surprising that Pudgy NFT prices plummeted as soon as the token opened claims; Every NFTs that are for sale have probably already been used in the airdrop and cannot be used again to claim more pengu.
24.12%: other communities
The next largest bucket of Pengu -Tokens is reserved for other communities in web3 and possibly beyond, with an expectation of the acquisition of 5 million new members of the Pudgy Penguin community, according to the announcement image.
The List Includes But is not limited to the following communities: Plooshies, Doodles, Claynosaurz, Memeland, Bodoggos, Bitcoin Puppets, Nodemonkes, Azuki, Bore Ape Yacht Club, Mutant Ape Yacht Club, the Plague, MoCaS. , Onchain Gaiaas and holders of at least 1 billion Mog -Munt (Mog).
Netz also indicated that buyers from Pudgy toys who interact with his online Pudgy World game platform and collected “Pudgy -Properties”—O or attributes to rest on their virtual penguins – would also be eligible for Pengu. Pudgy Toys owners can have access to Pudgy World by scanning a QR code that was supplied with their toys. After scanning the code, users are instructed “Collect the properties and wait until the abstract bridge goes live,” According to Netz.
17.8%: Pudgy Penguins -Team
Pudgy Penguins Ecosystem employees, current and former, take the third largest piece of Pengu, which receives almost 18% of the token based on a cliff of a year and a three-year fortress period. During token distributions, a cliff usually eliminates the possibility for a user to sell or transfer tokens.
12.35%: Liquidity pools
Part of the Pengu supply is reserved to create sufficient liquidity for active trade from token.
11.48%: Company
Igloo Inc., the parent company of Pudgy Penguins, receives 11.48% of the Pengu token, subject to the same one-year cliff and three-year-old vest that Pudgy Penguin employees received.
4%: public well
Four percent of the Pengu topping stock is reserved for public good efforts. Although not officially described, Pudgy Penguins has undertaken public good initiatives in the past year with his pudgy friendliness campaignsSending funds and helping undervalued streamers become viral on social media.
Another small percentage of Pengu is reserved for efforts to expand the Pudgy Penguins brand, possibly via lists with centralized fairs or brand marketing efforts.
As part of the launch on Binance, 3% of the Pengu offer will be inherited to participants in the Hodler program of Binance.
0.35%: FTT holders
The smallest allocation of the pengu token is reserved for ftt -token holders. FTT is the native token of the infamous FTX exchange, which has applied for bankruptcy and surgery stopped after the November 2022 collapsing.
The token saw a short peak to nearly $ 4 on the day of the Pengu announcement-a prize peak but has withdrawn since then. No official criteria have been shared at the moment.
Although users initially had 88 days – until 15 March 2025 to claim their Pengu, the team announced a change on January 30, 2025 and offered users only five days to claim their pengu.
At the time of the announcement, 85% of Pengu was already claimed. All non -ced tokens are burned.
Where can you exchange Pengu?
Pengu went live for spot trade on the centralized crypto exchanges Binance, OKX and Bybit, with more expects to join the fight. In addition, users can exchange Pengu via Solana -based decentralized fairs or DEXs.
Published by Andrew Hayward
Note of the editors: This story was originally published on December 13, 2024. It was last updated with new details on January 31, 2025.
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