TLDR
- Introducing the PENGU token by Pudgy Penguins—a significant development in the NFT arena, set to debut on the Solana blockchain by the close of 2024.
- The PENGU token comes with a massive total supply, numbering 88.88 billion.
- Recently, the floor price for Pudgy Penguins NFTs soared past $74,000, marking a new peak in its market value.
- Distribution plans for the PENGU token involve a significant allocation for NFT holders, supporting public welfare, ensuring DEX liquidity, and rewarding the team.
- This token introduction is hot on the heels of the project's latest moves into new areas with the 'Pudgy Party' mobile game and a new collection of toys in Walmart.
Pudgy Penguins, the popular NFT project, The team has revealed their intention to roll out the PENGU token on Solana this December. As the NFT's floor price hits a historic $74,000, the PENGU token plan comes into play.
The PENGU token will have a 88.88 billion total supply, with a detailed plan for distribution, providing to NFT holders, public causes, and ensuring liquidity in DEXs.
Following the trajectory of advancements like the recent Pudgy Party game launch, the project transcends its NFT origins with yet another key initiative.
A noteworthy collaboration with Walmart has enabled Pudgy Penguins to reach retail shelves across America, bringing their imaginative toy collection to life.
In revealing PENGU, there's a push to bind the Pu Penguin community tighter and open doors for those new to the NFTs. They've hinted at entering what they call the 'prophecy years,' but details are sparse.
Introducing $PENGU , the official coin of Pudgy Penguins.
Launching in 2024. Learn more below. pic.twitter.com/J715bODcM6
— Pudgy Penguins (@pudgypenguins) December 6, 2024
Part of the PENGU supply will go directly to current NFT owners, though specific amounts are still under wraps. Some tokens are retained by the developers for operations.
Tokens will be allocated across the Ethereum and Solana communities, highlighting a strategic embrace of cross-chain methods, selecting Solana as the launchpad.
Branding themselves as leaders in crypto, Pudgy Penguins boast visibility in homes globally through retailer alliances, although exact figures remain elusive.
PENGU tokens will include resources for public benefit initiatives, which haven't been fully detailed, and also liquidity on decentralized exchanges to ensure ease of trade.
The release of the PENGU token is framed within a phase of rising NFT trade values, now at a new height of $74,000.
Pudgy Penguins continue to broaden their horizons with the PENGU token, moving from NFTs to physical products and now embracing broader applications.
Highlighting inclusivity, the token launch strategy aims at both seasoned crypto enthusiasts and novices, paralleling previous expansions such as their Walmart partnership.
Cross-chain token strategies involving both Ethereum and Solana echo an ambition to integrate diverse blockchain audiences, fostering cross-platform innovations.
Details concerning the token's architecture, like smart contract intricacies and safety protocols, remain forthcoming. Which exchanges will support PENGU from launch is yet to be announced.
Set for December, the token launch arrives amid a bustling phase in digital assets, potentially swayed by the brand's extensive retail influence and NFT success.
