Binance, the world's largest cryptocurrency exchange, will list the $PENGU token on December 17, 2024.

The $PENGU Token and Pudgy Penguins NFT Collection

The $PENGU token is the native token of the Pudgy Penguins NFT collection, which is known for its limited edition of 8,888 unique cartoon penguins. The Pudgy Penguins NFT collection was launched on the Ethereum blockchain in July 2021 and has gained recognition as a prominent NFT project.

Token Launch and Expansion

The $PENGU token will initially launch on the Solana blockchain and will later expand to Ethereum and Abstract, a consumer-focused Ethereum layer-2 scaling network. The decision to launch on the Solana blockchain is strategic, aiming to tap into a new audience and leverage Solana's high throughput and low transaction costs.

Token Details and Allocation

The $PENGU token is designed to be the official token for the Pudgy Penguins community and has a total supply of 88,888,888,888 tokens. The token allocation includes percentages for the Pudgy Penguins community, attracting new members, creating liquidity pairs, the project team, development and marketing efforts, FTX exchange token holders, and public good initiatives.

Token Utility and Potential Collaborations

The $PENGU token is expected to facilitate community-driven initiatives, exclusive events, rewards for holders, and potential collaborations with other projects in the NFT and crypto space.

Listing on Binance

The listing of $PENGU on Binance is anticipated to generate significant interest and trading activity.