Bittime - PENGU Coin airdrop is here for the Pudgy Penguins community! Find out how to claim, distribute and pre-market price of PENGU tokens before the official launch.
Pudgy Penguins has now launched their new solana based token called PLEDGES. With over 50 billion views on social media and strategic partnerships with major retailers like Walmart and Target, the project is gaining ground in the Web3 world.
For those of you who can't wait, the good news is that PENGU will soon be available in the form of an airdrop for the community. So, how to claim this airdrop? What do you need to know about distribution and pre-market prices? Here is a complete guide to take advantage of this opportunity.
What is Pudgy Penguin Airdrop (PENGU)?
PENGU is the native token of the Pudgy Penguins ecosystem designed to increase community engagement and expand the reach of the brand. PENGU's total supply is 88.88 billion tokens, and approximately 25.9% of this amount will be distributed via airdrop to the Pudgy community.
As a Solana-based token, PENGU aims to reach a wider audience, with plans for expansion to the Ethereum and Abstract layer-2 networks in the future.
The PENGU airdrop aims to provide opportunities to the existing community, as well as invite more fans to join the world of Pudgy Penguins.
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How to Claim PENGU Airdrop
To claim the PENGU airdrop, there are several things you need to pay attention to. PENGU will be available to those who qualify according to the criteria set by the Pudgy Penguins team.
The token will launch in late 2024, although an official date has not been announced. Participants who have the right to claim this token are those who own certain assets in the Pudgy ecosystem, such as:
- Pudgy Penguins NFT holder, In Lil Pudgy, And Pudgy Rods: These are the primary holders who are entitled to most of the token distribution.
- Other Web3 Communities: Most of the airdrops are also provided for other Web3 community members who are interested in joining the Pudgy Penguins community.
- FTX Token Holder: There is a small portion of tokens dedicated to FTX holders, as a reminder of the project's commitment to the broader community.
Once the PENGU token officially launches, eligible asset holders will have 88 days to claim their tokens. Make sure you follow the official updates from the Pudgy Penguins team so you don't miss out on more detailed information regarding how to claim.
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PENGU Airdrop Distribution
To ensure fair and equitable token distribution, the Pudgy Penguins team has designed a token allocation divided into several categories:
- Pudgy Penguins Community (24.12%): This is the largest allocation that will be given to community members who already own Pudgy Penguins, Lil Pudgys, and Pudgy Rods NFTs.
- Other Web3 Communities (24.12%): A large portion of the token distribution will also be allocated to new members of the Web3 community, with the goal of expanding Pudgy Penguins fans to 5 million people.
- Tim Pudgy Penguins (17,8%): Pudgy Penguins employees and internal teams will also receive a share of PENGU tokens, which will be awarded based on a vesting schedule.
- Liquidity Pools (12,35%): To ensure adequate liquidity, a portion of tokens will be reserved for liquidity pools, allowing for smoother trading across platforms.
- Company (11.48%): Igloo Inc., the parent company of the Pudgy Penguins, will also receive a token allocation with similar vesting requirements to the team.
- Public Activities (4%): Funds for public activities will be used to support social and charitable initiatives carried out by the community.
- Brand Proliferation (4%): A small portion of tokens will be allocated for brand expansion and marketing activities.
- FTX Holders (0.35%): Although small, there is a special allocation for FTX token holders as part of an effort to support the wider community.
Pre-Market Price of PENGU Token
Before the official launch of the PENGU token, this token was already traded on several platforms such as Whales Market. In initial trading, the price of PENGU was pegged at around $0.04 (around IDR 640) per token.
While these prices are still in the pre-market stage and can change quickly, they provide an idea of the potential valuation of this project.
At $0.04 per token, PENGU's total valuation could reach more than $3.5 billion (around IDR 56 trillion), although the pre-market often does not reflect the actual market price after the token is listed on a major exchange.
Read also: How to Buy Crypto with Apple Pay and Google Pay
Conclusion
The PENGU Coin airdrop offers an exciting opportunity for Pudgy Penguins community members and NFT fans to earn free tokens. With planned distribution to existing community members, as well as efforts to expand their fan base through Web3, Pudgy Penguins is looking to strengthen their presence in the crypto world.
However, before claiming the tokens, it is important to follow the official instructions from the Pudgy Penguins team and ensure you meet the requirements.
PENGU's pre-market price shows great potential, although the value may fluctuate over time. For investors and crypto fans who want to join early, this opportunity can be the first step to accumulating PENGU at a relatively affordable price.
Don't forget to always monitor further announcements so you can claim this airdrop on time and don't miss this exciting opportunity from Pudgy Penguins.
FAQ About PENGU
What is PENGU Coin?
PENGU, the native token of non-fungible token (NFT) project Pudgy Penguins, has debuted with a market capitalization of $312 million after the token was distributed to NFT holders via airdrop.
Is PENGU on Solana?
Ethereum NFT project Pudgy Penguins has launched its PENGU token on Solana. Eligible participants have 88 days to claim their tokens before they are burned.
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Reference
Airdrop.io, PENGU By Pudgy Penguins, accessed December 17, 2024.
coinmarketcap, How to Claim the PENGU Airdrop: A Detailed Guide, accessed December 17, 2024.
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