Pudgy Penguins
Crypto Overview
Purpose and Utility
Pudgy Penguins began as an NFT collection but has evolved into a broader Web3 ecosystem. The PENGU token, launched in 2024, serves as a governance and utility token for the Pudgy Penguins ecosystem. Token holders can participate in ecosystem governance and access exclusive merchandise, content, and experiences.
Business Model
The project generates revenue through NFT sales, merchandise, licensing deals, and ecosystem activities. Notable partnerships include PMI Kids (toys), Walmart, and other retail collaborations. The business model focuses on building a family-friendly brand in both Web3 and traditional retail spaces.
Real-World Adoption
The project has demonstrated significant real-world traction through its retail presence and merchandise sales. The PENGU token has seen active trading volume and participation in governance since its launch.
Platform Development
The development team maintains regular updates and expansions to the ecosystem. The project has a clear roadmap for future developments including enhanced utility for token holders and expanded retail partnerships.
Token Distribution
The token distribution includes allocations for community rewards (35%), treasury (30%), team (20%), and ecosystem development (15%). Team tokens are subject to a 4-year vesting period with a 12-month cliff.
Revenue Model Analysis
The primary revenue streams come from legitimate business activities including merchandise sales, licensing deals, and NFT trading royalties. The project does not involve interest-bearing mechanisms or prohibited activities.
Crypto Impact
To assign a comfort level investing in Pudgy Penguins from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Pudgy Penguins.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.