Pudgy Penguins

Explore the tokenomics of Pudgy Penguins(PENGU) and review the project details below.

What is the allocation & supply schedule for Pudgy Penguins(PENGU) ?

The PENGU token is a key part of the Pudgy Penguins ecosystem, designed to foster growth, incentivize community participation, and support the development of the project. The distribution of PENGU tokens is strategically planned to align with the project's mission and expand its reach across various ecosystems. Here’s a breakdown of the PENGU tokenomics:

1. Pudgy Penguins Community – 25.9%

A significant portion of the total supply (25.9%) will be reserved for the Pudgy Penguins community. This allocation is aimed at rewarding and engaging the holders of Pudgy Penguins and Lil Pudgy NFTs, as well as potentially extending to holders of other Pudgy-related assets such as PenguPins (soulbound commemoration tokens) and Pudgy Rods. This will help reinforce the community’s foundation, ensuring that those who support the Pudgy Penguins ecosystem are rewarded and further incentivized to participate in its growth.

2. Expanding the Pudgy Penguins Community – 24.12%

To accelerate the growth of the Pudgy Penguins community, 24.12% of the total token supply will be allocated to initiatives aimed at onboarding new members. The goal is to bring in approximately five million new users, expanding the Pudgy Penguins ecosystem and growing the huddle. This allocation is designed to drive awareness and adoption, ensuring that the Pudgy Penguins community becomes larger and more engaged over time.

3. Liquidity Creation – 12.35%

12.35% of the total supply will be used to create liquidity pairs on decentralized exchanges (DEXs). This allocation will help ensure that the PENGU token has a thriving market post-launch, enabling seamless trading and liquidity across platforms. By establishing a strong liquidity foundation, PENGU will have the necessary market presence to thrive and grow within the broader DeFi ecosystem.

4. Project Team Allocation – 17.8%

The project team will receive 17.8% of the total supply. However, this allocation is subject to a 1-year cliff followed by a 3-year vesting period. This long-term vesting schedule is designed to align the team’s incentives with the long-term success of the project, ensuring they are committed to building the Pudgy Penguins ecosystem over time.

5. Company Development and Marketing – 11.48%

11.48% of the total supply will be reserved for the company. These tokens will be used for the development, marketing, and operational ventures required to support and grow the Pudgy Penguins project. This fund will be critical in ensuring the project’s sustainability, driving marketing campaigns, partnerships, and development of new features that enhance the Pudgy Penguins ecosystem.

6. FTX Token Holders – 0.35%

As part of a strategic partnership with the FTX exchange, 0.35% of the total token supply will be allocated to FTX token holders. This small yet impactful distribution recognizes the support of the FTX community and extends benefits to users of the platform.

7. Public Good – 4%

In alignment with Pudgy Penguins' motto of "Spreading good vibes across the meta", 4% of the total supply will be dedicated to public good initiatives. This portion will be used to fund various charitable causes, community outreach programs, and initiatives that promote positive engagement and impact within the broader crypto ecosystem.