I have held Fat Penguin for more than 1,000 days without realizing it. To be honest, it is very hard for Diamond Hand, but I am very happy. After all, Penguin has given me too much.
Yesterday I saw the news that Fat Penguin was going to issue a coin. At first I didn’t quite believe it because Penguin has always downplayed the issue of issuing coins and never relied on Ponzi to maintain its floor.
The team and the community have done the same in the past three years, working simultaneously in both the Web2 and Web3 worlds, continuously pushing brand building to new heights and letting the world know about Penguin.
As for why the coin was issued at this point in time, after much thought, I seem to have figured it out: the bull market continues, and a large number of outsiders are entering the market. Penguin has a wide range of recognition in the Web2 world and is also a leader in the Web3 world. It can completely become a bridge between the two worlds. On the one hand, it can help more newcomers understand and participate in Web3, and on the other hand, it will also help promote Penguins various businesses.
In other words, $PENGU is not only the spiritual symbol and lubricant of the Penguin Empire, but also the carrier for the large-scale adoption of Web3. No matter what, I choose to unconditionally believe in Penguin and the Luca team.
There has been a lot of discussion about the Fat Penguin airdrop in the past two days, and there have been a lot of questions. Let me answer them for you one by one.
1. Whether to take a snapshot
There is no such thing as a snapshot. When $PENGU goes online, you can claim directly with NFT, which will last for 88 days.
That is to say, no matter when you buy the token before it goes online, you will be eligible for short-term investment. Compared with the snapshot form, this can obviously better prevent insider trading.
2. The team loves the number 8
There are 8888 big penguins, the total amount of $PENGU is 88, 888, 888, 888, and the airdrop will last for 88 days. It can be seen that the team likes the number 8 very much.
8 means “prosperity” in Chinese, which has a very good meaning. I hope all Penguin Holders can get rich, after all, we deserve it.
3. What is the token positioning?
The team has not yet elaborated on the purpose of $PENGU, only mentioning that it will promote the mass adoption of Web3 and allow more people to join the Penguin community.
In my opinion, $PENGU is more like a penguin cultural symbol with a meme attribute. It represents the fat penguins efforts to go against the current and continue to innovate in the past three years. It represents all the good elements such as self-confidence, optimism, cuteness, and unity.
4. Why is it deployed on Sol
I guess the reason why $PENGU is deployed on Sol is to allow more people who are interested in penguins to join with a low threshold.
In the future, $PENGU will expand to multiple chains and will also be adopted on the Ethereum mainnet and Abstract Chain.
5. About Valuation
The valuation analysis of $PENGU by the outside world is of no reference value, because the goal of the fat penguin has never been to become the next xxx, but to become the best penguin.
Please stop comparing valuations with other projects.
6. Penguin Community Allocation 25.9%
After the official announcement of the coin issuance, the Penguin community remained as harmonious as usual, without the verbal criticism that other communities experienced before TGE, which is rare.
As an old member who joined the community in 2021, I believe that the team will not let down every believer.
7. External community allocation 24.12%
This proportion is very large, covering 5 million addresses, which shows the size of the team.
According to my speculation, this part of the chips will most likely cover the communities that have previously airdropped to Fat Penguin, as well as communities that have investment and financing relationships with Fat Penguin, such as Animoca, ZK, L0, OMNI, DYM, etc.
In addition, there may be some new airdrop standards, so stay tuned.
8. FTT holders are allocated 0.35%
The FTT here is sbf’s $FTT. Many people are surprised by this allocation, including me.
Luca, the helmsman, held a meeting with the community last night and explained: I hope to give some warmth to the victims of the FTX explosion, so that they can still remain optimistic about the world. Love it.
9. $PENGU is just the first step
It is no exaggeration to say that Fat Penguin is one of the few blue chips that does not rely on Ponzi schemes to maintain its floor price. The value of Penguin comes from the teams continuous efforts in both Web2 and Web3, and its brand and community are first-class.
In the Fat Penguin territory, $PENGU is just the first step. There will be continuous out-of-circle activities and consumer-grade L2 Abstract (which will be issued separately).
The above are enough to support the NFT floor while preventing tokens from being oversold during TGE.
10. Listing on T1 Exchange is not a dream
Greatness needs no further explanation. For such a big IP as Fat Penguin, no centralized exchange will miss it. All that should be listed will be listed. Just wait patiently.
