Binance has announced Pudgy Penguins (PENGU) as the fourth project in its HODLer airdrop program. With over 50 billion views on social media and products in millions of homes around the world, Pudgy Penguins is a powerful force in the Web3 space. This article takes a deep dive into the world of Chunky Penguin and its PENGU token, and how Binance rewards its users with exclusive airdrops.
What is a squat penguin (PENGU)?
Pudgy Penguins (PENGU) is a groundbreaking token that is the natural evolution of the beloved Pudgy Penguins NFT project. Originally launched on the Ethereum blockchain in 2021, Pudgy Penguins is known for its vibrant community and whimsical art that has resonated with collectors around the world.
Project mission and value proposition
Pudgy Penguins’ mission is to transcend the NFT family and establish itself as a global Web3 brand. Pudgy Penguins aims to provide interactive experiences through NFT, blockchain technology and digital assets, creating a brand that resonates across retail, gaming, content creation and social events.
The project’s value proposition revolves around its unique ability to connect with the community and provide a sense of belonging. The Pudgy Penguins ecosystem isn’t just about NFTs; It aims to create a lifestyle around the brand, with plans to expand into retail, gaming, DeFi and virtual universes.
Main features
- Cross-chain strategy: By launching on Solana, Pudgy Penguins achieves cost efficiency and scalability.
- community focused: Over 47% of the PENGU token supply is allocated to community airdrops, emphasizing user engagement and loyalty.
- The growth of the ecosystem: Plans to integrate PENGU with decentralized finance (DeFi), Stake, and Metaverse applications in 2025
About Humpty Penguin Hotel
Pudgy Penguins is known for its unique approach to branding, which blends meme culture with meaningful community narratives. Let’s take a closer look at its evolution.
Roadmap Highlights
- 2021: Launched the Pudgy Penguins NFT series, which quickly gained attention and became one of the most recognized NFT series on Ethereum.
- 2023: Despite the downturn in the NFT market, Chunky Penguin has maintained its status as one of the top NFT series, with a steadily growing user base.
- 2024: The Pudgy Penguins team has announced the launch of the PENGU token, marking a key moment in the project’s expansion into the Solana blockchain and providing new opportunities for community participation.
- 2025 and beyond: The project plans to integrate PENGU Token into decentralized finance (DeFi), staking mechanisms and the Metaverse.
$PENGU Token Economics
Token supply and distribution
this total supply PNGU tokens are capped at 88,888,888,888. this Circular supply After being listed on Binance, it will 62,415,951,646 Commitmentsaccounting for approximately 70.22% of the total supply. Here are the details of the token distribution:
- Department of Community and Ecology (47.87%): Includes airdrops and rewards to promote participation and grow the community.
- Team, investors and advisors (29.78%): Assigned to the project’s core team, investors and advisors to ensure long-term commitment.
- Liquidity(12.35%): Reserved to maintain liquidity on the exchange to ensure smooth trading.
- Charity (4%): Support public initiatives and philanthropic activities that align with program values.
- Dissemination and Marketing(3%): For marketing and partnerships to expand the Chunky Penguin brand.
- HODLer airdrop (3%): Create incentives for long-term holders and promote stability within the ecosystem.
Token Utility
The PONGU token is designed to be more than just a store of value. It will serve as the “main currency” in the Chubby Penguin ecosystem and implement various functions, including:
- Community rewards: Encourage active participation and loyalty through airdrops and incentives.
- Ecosystem expansion: Supports integration with DeFi, games and Metaverse projects.
- Staking opportunities: Provide holders with a way to earn passive rewards in the future.
- Governance: Allowing token holders to influence key decisions within the ecosystem.
PENGU HODLer airdrop details
The PENGU HODLer airdrop is designed to reward loyal BNB holders who have registered in Binance’s Simple Earn product. The program aims to allocate 3% of the total token supply (2,666,666,666.64 PENGU) to eligible participants.
- Eligibility period: From 08:00 on December 9, 2024 to 07:59 on December 13, 2024 (UTC+8).
- Airdrop distribution: Tokens will be allocated to the user’s spot wallet 1 hour before the start of the transaction.
- Impact on circulation supply: After the HODLer airdrop went online, it contributed 62,415,951,646 PENGU in circulation.
- Hard cap per user: Calculated based on the average BNB balance held by users.
About Binance Airdrop
Binance’s HODLer airdrop program rewards users for their loyalty by distributing tokens for new projects. Historical snapshots of BNB balances in Simple Earn flexible or locked products are used to determine eligibility, making participation seamless and passive.
To participate in future HODLer airdrops, please follow these steps:
- Go to earn About Binance.
- subscription Earn easily Flexible or Locked product.
- Binance will automatically take a snapshot of your balance and calculate rewards based on the BNB you hold.
in conclusion
With the launch of the PENGU token and its listing on Binance, the project is poised to further expand into DeFi, gaming, and other Web3 opportunities. The utility of the PENGU token and the massive community airdrop provide the project with the momentum it needs to thrive in the competitive world of NFTs and digital currencies.
For those interested in participating in future HODLer airdrops, subscribing to Binance’s Simple Earn product is a simple and effective way to passively earn tokens. Keep an eye on Pudgy Penguins as they continue to evolve and shape the future of NFTs and the blockchain-based community.
