توكنوميكس PEN (PEN)

The PENGU token, associated with the Pudgy Penguins project, is an SPL token with a maximum supply of approximately 88.89 billion PENGU. It has also been deployed as an ERC-20 token on Ethereum and Abstract using LayerZero OFT technology. PENGU is primarily characterized as a meme token with no featured or planned functionality beyond being exchanged or held for speculative purposes.

Issuance Mechanism

PENGU's initial distribution was primarily conducted through an airdrop.

The maximum token supply is fixed at approximately 88.89 billion PENGU.

Allocation Mechanism

The total maximum supply was distributed across several categories, with the largest portion allocated to the airdrop.

Approximately 44.77 billion PENGU (about 50.37% of the maximum supply) were allocated toward the airdrop. The approximate distribution allocations are detailed below:

The airdrop was distributed to holders of the following NFT projects: Pudgy Penguins, Lil Pudgys, and Pudgy Rods. It was also distributed to "OG Ethereum and Solana wallets," DeFi participants across Solana and Ethereum, Pudgy Penguin Soulbound token holders, and FTT tokenholders.

Usage and Incentive Mechanism

PENGU is primarily a meme token with no featured or planned functionality beyond being exchanged or held for speculative purposes.

• Usage: The token's main use is for exchange or holding for speculative purposes.
• Incentives: A commercially reasonable search found no methods in which users or tokenholders can earn fees, additional tokens, or any form of compensation by interacting with the network or in relation to holding the token (such as dividends, interest, liquidity rewards, or similar distributions).
• Staking/Liquidity: No staking or liquidity provisioning mechanisms are featured or planned for PENGU.
• Acquisition: PENGU can be acquired via centralized exchanges (e.g., Binance, Coinbase, and Bybit) and decentralized exchanges (e.g., Raydium, Orca, and Meteora).

Locking Mechanism and Unlocking Time

Specific allocations of PENGU were subject to vesting schedules:

• Current & Future Team: The allocation of approximately 15.82 billion PENGU (17.80% of the maximum supply) was subject to a one-year cliff with a three-year vesting schedule.
• Company: The allocation of approximately 10.20 billion PENGU (11.48% of the maximum supply) was also subject to a one-year cliff with a three-year vesting schedule.

The project team did not disclose the allocation addresses for these locked tokens.

Airdrop Claim Period

The airdrop claiming period was originally planned to last until March 9, 2025, but the team ended the claim period early on February 9, 2025, due to data indicating that only bots were continuing to claim tokens.

Information regarding the specific dates and schedules for the unlocking of the team and company allocations was not available.