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Pudgy Penguins is one of the most well-known NFT projects in the cryptocurrency field, born in July 2021, quickly gaining popularity with its unique "silly penguin" image and community culture. This NFT series, consisting of 8,888 penguins, not only pioneered the "cute series" NFT, but also rose against the trend in a bear market, becoming a symbol of NFT culture and the expansion of the <a href="/ja/web3" target="_blank" class="blog_inner_link">Web3</a> eco.

## Core Highlights

### Successful commercialization of IP

- Launch physical toys (exclusive sales at Walmart), co-branded clothing, and plans to develop animated series, breaking the limitation of NFT being limited to digital collectibles only.
- Sales exceeded $10 million in 2023, verifying the feasibility of the 'NFT+physical' business model.

### Community Consensus

- Holders enjoy profit sharing of IP derivative products and exclusive participation rights, forming a highly sticky community.

### Ecological Token PENGU

- Launch PENGU token by the end of 2024 for governance, NFT staking rewards, and eco consumption, driving the project's evolution from collectibles to Web3 application platform.

## Pengu Token

According to Gate.io market data, PENGU is currently priced at $0.0076, with a 24-hour increase of 18.15%. PENGU's current circulating market value is $482 million, ranking 125th in the overall market. As the token of the well-known NFT project Pudgy Penguins, PENGU's market price performance has not been very ideal since its launch, with the current price dropping more than 90% from its historical high. Here is a detailed introduction to the PENGU token:

### Token Functionality

- Governance voting: Holders can participate in Pudgy Penguins DAO decision-making, such as IP cooperation direction, profit distribution rules.
- Staking Rewards: Staking Pudgy Penguins NFT can earn PENGU token rewards, enhancing the utility of NFTs.
- Ecological payment: Purchasing props and participating in activities on Pudgy World (a virtual interactive platform) requires consuming PENGU.

### Token Distribution

- Community incentives: 40% (released through NFT staking and airdrops).
- Ecological Fund: 30% (used for development, partner incentives).
- Team & Advisors: 20% (3 years linear vesting)
- Liquidity reserves: 10% (guarantee exchange trading depth).

### Value Support

- Scarcity: Total of 1 billion coins, deflationary mechanism (token destruction in some scenarios).
- Scenario: With the growth of Pudgy World users, the demand for tokens has increased.
- IP Empowerment: Backed by mature IPs with annual revenues in the tens of millions of dollars, reducing the risk of pure speculation.

## PENGU Future Outlook

The road of breakthrough for Pudgy Penguins proves that the combination of top IP and token economy can unleash huge potential. By participating in PENGU trading on compliant platforms like Gate.io, you can not only reduce on-chain operation risks but also capture early growth dividends. Remember the principle of 'position control + dynamic take profit' to profit steadily in fluctuations.

Visit Gate.io now to start your PENGU trading journey!

<div class="blog-details-info">
<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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What Are Pudgy Penguins? How to Trade the PENGU Coin?