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TThe Pudgy Penguins NFT project’s highly anticipated PENGU token officially launches today, marking a major milestone for the project and its growing ecosystem.

The token launch is scheduled to occur at 8:00 a.m. AST, making it an exciting moment for NFT and cryptocurrency enthusiasts alike.

The PENGU token can be claimed by holders of eligible Pudgy Penguins NFTs, including Pudgy Penguins, Lil Pudgys and Pudgy Rods.

This is the first step in a broader initiative to integrate the Pudgy Penguins project into the broader Solana blockchain ecosystem.

With a total supply of 88.88 billion PENGU tokens, the launch is expected to significantly increase the utility and value of Pudgy Penguins NFTs and attract new participants to the growing Web3 space.

Key Features of PENGU Token Launch:

• Start time: The token will officially launch on December 17, 2024 at 8:00 a.m. AST.
• Token supply: The PENGU token has a total supply of 88.88 billion tokens, with a significant portion allocated to the Pudgy Penguins community and other NFT communities.
• Claim process: NFT holders can claim their tokens via a Solana wallet, with a minimum balance of 10 SOL required to cover transaction fees. The claim window remains open for 88 days. Afterwards, all unclaimed tokens will be blocked and permanently destroyed.

Token allocations:

• 25.9% to the Pudgy Penguins community – including holders of Pudgy Penguins, Lil Pudgys and Pudgy Rods NFTs.
• 24.12% to other NFT communities – like Azuki, Bored Ape Yacht Club and Doodles.
• 17.8% to the project team – with a vesting period of one year and a vesting period of three years.
• 12.35% for liquidity pools And 11.48% to Igloo Inc., the parent company.
• 4% is allocated to charitable initiatives And 0.35% for FTT holders.

Why the introduction is significant:

The launch of the PENGU token is a strategic move that signals the growing importance of the Pudgy Penguins brand in the rapidly evolving NFT and cryptocurrency markets.

The Pudgy Penguins project, which initially gained popularity as a series of fun, cute NFTs, has seen tremendous growth and attention and is planning further expansion into various blockchain ecosystems, including Solana.

Pudgy Penguins’ decision to launch the PENGU token on Solana – known for its speed and low transaction fees – marks a significant step in the brand’s evolution.

The token will provide holders with more utility and value within the Pudgy Penguins ecosystem, increasing engagement with NFT holders while providing access to new features and opportunities.

Additionally, it paves the way for greater collaboration with other NFT communities such as Azuki and Bored Ape Yacht Club, expanding its reach and strengthening its position in the NFT space.

Trading the PENGU token:

In addition to the application process, PENGU will be listed for spot trading on major exchanges including Binance.

The token can be traded against various currency pairs such as USD, BNB, FDUSD and TRY, making it accessible to a global audience. This is an important step in establishing PENGU as a valuable token in the broader crypto market.

For those involved in the Pudgy Penguins community, this launch offers a rare opportunity to participate from the beginning in a project that continues to push the boundaries of what is possible with NFTs and blockchain technology.

Diploma:

The launch of the PENGU token is more than just a technical milestone; It represents the continued growth and transformation of the Pudgy Penguins NFT project into the broader Web3 ecosystem.

With its innovative use of the Solana blockchain and strong community engagement, the PENGU token will play a crucial role in the future of NFTs and decentralized economies.

As the claim period begins, NFT holders and cryptocurrency enthusiasts are excited to see how this launch will shape the future of Pudgy Penguins and the NFT space as a whole.

The launch of PENGU is a pivotal moment not only for the Pudgy Penguins project, but for the NFT community as a whole, as it opens up new possibilities for integrating digital assets and blockchain technology in the coming years.

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