The post the new chapter of Pudgy Penguins on Solana appeared on BitcoinEthereumNews.com.

The famous NFT collection Pudgy Penguins is preparing to take a significant step in the world of cryptocurrencies with the launch of its own token called PENGU.  This token promises to consolidate the role of Pudgy Penguins in the crypto landscape, despite the difficulties of the NFT bear market.  Let’s see in detail what to expect from this innovation. Main characteristics of the Pengu Token The Pengu Token will be released on the Solana blockchain, a platform known for its speed and low transaction costs.  This element ensures users a smooth and accessible experience, fundamental characteristics for a large-scale project like that of the Pudgy Penguins. The total supply of Pengu will be 88 billion tokens, with a carefully studied distribution to incentivize community participation.  The 23.5% of the total will be reserved exclusively for the holders of Pudgy Penguins and the related NFTs, demonstrating the strong bond between the new token and the original collection. Born as one of the most iconic NFT collections, the Pudgy Penguins have managed to maintain cultural relevance even during a crisis period for the sector.  While many NFT projects have lost momentum, Pudgy Penguins has endured, thanks to a solid community and a marketing strategy that has made them more than just visual tokens: a symbol of belonging and a cultural movement. The transition to the Pengu Token reflects the team’s ability to adapt to market changes.  With the attention increasingly focused on memecoins and entertainment-related tokens, Pudgy Penguins aims to create a bridge between the worlds of NFTs and fungible tokens, offering new opportunities for use and growth. Why the Token could succeed Despite the difficult climate, Pudgy Penguins stands out for its ability to innovate and attract public interest. The launch of the Pengu Token on Solana brings with it several…

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Filed under: News - @ December 6, 2024 11:27 am