Pudgy Penguins, the well-known and beloved NFT community, has just reached the next level. On December 17, 2024, the PENGU token, an expression of the strength of this community, officially debuted on Binance, the world’s largest cryptocurrency exchange. What exactly is PENGU and why is its debut a milestone in the development of the Pudgy Penguins brand? Let’s dive (like penguins into icy Arctic water) into the details.
What is Pudgy Penguins?
Pudgy Penguins is an NFT project that began its journey in 2021, winning the hearts of thousands of cryptocurrency enthusiasts and digital collection lovers. With over 50 billion views on social media and products present in millions of homes around the world, Pudgy Penguins has established itself as one of the strongest communities in the cryptocurrency world.
The goal of Pudgy Penguins is to create a community that identifies with the character and values of the brand. It’s more than just an NFT collection – it’s a symbol of internet culture, a place of positive vibes and a testimony to the “Cinderella” story of success.
How did it all start?
Pudgy Penguins began as a collection of 8,888 unique NFT tokens launched on the Ethereum blockchain in July 2021. Inconspicuous design, right? And it was created during the NFT boom. Moreover, the project was created by a group of university students with the aim of promoting positive values such as love, empathy and compassion in the cryptocurrency community. Shortly after its release, Pudgy Penguins gained immense popularity, with the entire collection selling out within 20 minutes.
However, as time passed, the project encountered difficulties, including accusations of mismanagement of funds by the original founders. In April 2022, entrepreneur Luca Netz took over the project for 750 ETH (approximately $2.5 million), with the intention of rebuilding trust and realizing the potential of the Pudgy Penguins brand.
Under his leadership, the project was rebranded and the brand focused on creating content, products and toys that promote positive values and attract new users to the Web3 world. In 2023, Pudgy Penguins launched physical plush toys, which achieved significant success, selling 20,000 units in the first two days.
These efforts have made Pudgy Penguins one of the most recognizable and influential brands in the NFT space, attracting both cryptocurrency enthusiasts and new users interested in unique, collectible digital and physical products.
PENGU token – Community symbol
The PENGU token was designed as a way to unite the Pudgy Penguins community even more deeply. From a technical point of view, it is an SPL token that has no specific utility, but symbolizes membership in the community. However, Pudgy Penguins announces further development of the brand through retail, gaming, content and social initiatives that may open new prospects for PENGU owners.
PENGU key data
- Total supply: 88,888,888,888
- Circulating supply upon debut on Binance: 62,415,951,646 (70.22% of total supply)
- Binance HODLer Airdrop Allocation: 2,666,666,666.64 (3% of total supply)
HODLer airdrops for BNB holders
Binance is introducing special HODLer airdrops aimed exclusively at BNB holders. Users who subscribe to Simple Earn products (flexible or fixed) using their BNB holdings will have the opportunity to receive tokens such as PENGU through these exclusive promotions.
How does it work?
- Subscribe to Simple Earn: Just go to the (Earn) tab on Binance and register your BNB holdings with Simple Earn products.
- Balance snapshots: Binance will repeatedly snapshot users’ balances to calculate their share of the airdrop pool.
- Collect your rewards: HODLer airdrops will be automatically assigned to Spot wallets within 24 hours of the stock results announcement.
This is a unique opportunity to obtain tokens such as PENGU, while supporting the development of innovative projects in the world of cryptocurrencies.
Why is it worth paying attention to the token from Pudny Penguins?
Pudgy Penguins is more than just another NFT project – it is a global brand that is dynamically expanding its influence. The debut of the PENGU token on Binance is an opportunity to become part of this history and support one of the most recognizable projects in the Web3 world. Thanks to its symbolic value and strong community, $PENGU has a chance to go down in history as a token representing the power of positive bonds in the digital world.
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