SpacePenguin (PNGN) is a deflationary token which generates yield in a frictionless manner and donates a small part of every transaction directly to a charity. 3% of every transaction is burned, 3% is distributed to holders and 0.1% is sent to a charity. What is SpacePenguin (PNGN) | What is SpacePenguin token | What is PNGN token
In this article, we'll discuss information about the SpacePenguin project and PNGN token
Once upon a time, SpacePenguin lived in the antarctic but global warming made it impossible for him to stay there any longer. He put on his space suit and jumped in his rocket ship to find new habitable cold planets. $SpacePenguin burns 3% of every transaction and distributes another 3% to holders. 0.1% of every transaction is sent to coolearth.org, a charity that works to halt global warming by combatting deforestation.
$SpacePenguin is a deflationary token which generates yield in a frictionless manner and donates a small part of every transaction directly to a charity.
For every transaction 3% is burned and another 3% is distributed to holders. These tokenomics incentivise people to hold their tokens instead of buying and selling quickly to make a small profit. In addition to the deflationary and reflectionary tokenomics, 0.1% of every transaction is sent automatically to the wallet of coolearth.org. This ensures full transparency since everyone can see on a blockchain explorer like etherscan, that the funds really reached them.
Also 50% of the initial supply was burned right after the smart contract was deployed on the Ethereum blockchain, by sending it to the burn address. As the burn address also gets its share from the generated yield, it will grow
Because of the compound interest effect it will grow faster over time. This means that $SpacePenguin becomes more scarce in an exponential manner.
$SpacePenguin is also what can be described best as a memecoin. But the big difference to most memecoins is that $SpacePenguin has a use-case which actually makes a difference in the real world, since 0.1% of every transaction is sent automatically to a charity. The charity can use these funds in its fight against climate change.
Because of the use case, we decided to use a penguin as the mascot for our token, since penguins are affected a lot by global warming, since they live in ice regions, where the ice is melting slowly away.
We hope to make a difference in the life of not only penguins but also other animals that suffer or are endangered as a species because of the climate changes inflicted by humans.
The tokenomics of $SpacePenguin are kept simple to ensure full transparency. 3% of every transaction is burned. That means the total supply shrinks over time
As known by most people the price of not only a token but every product or service depends on supply and demand. If the supply shrinks and the demand stays the same, the price will go up. In addition to the 3% burn fee, there is also a 3% redistribution fee. This means that 3% of every transaction is distributed between all wallets that hold $SpacePenguin. The more tokens a wallet holds, the more of the generated yield it gets. In addition to the burn fee and the redistribution fee, there is also a 0.1% fee on every transaction, which gets sent automatically by the smart contract to the ETH wallet of coolearth.org.
In addition to that, we burned 50% of the supply right at the start. The tokens were sent to the burn address 0x000000000000000000000000000000000000dEaD. This address is known very well and used by a lot of tokens for their burning tokenomics. The wallet can’t be accessed by anyone since no one knows the private key. There is a private key obviously like with every other wallet, but trying to compute the private key would be infeasible to a point that one can think of it as impossible
50% of the initial supply was sent to the burn address right after the smart contract was deployed. The developer wallet only holds 5% of the supply. These funds will be used to pay for marketing, advertising, influencers and for development costs.
Also around 16% of the total supply was sold in a presale. This was done to raise ETH that we can use to provide more liquidity. We only let people take part in the presale, that we know and trust and that can help us with marketing. The rest of the total supply was provided as liquidity on Uniswap
1 000 000 000 000 000: Initial supply
50%: Burned at start
3%: Distribution fee
3%: Burn fee
0.1%: Going to coolearth.org
The first thing that will be done by us after launching, is applying on CoinGecko and CoinMarketCap for a token listing. We will also apply for listing on Blockfolio. Also we will send an application to Etherscan to update the information about our token. This is important so people can find our website and our social media channels easily on the Etherscan page of our token. We will also make sure to get a token audit done as soon as possible, so potential buyers can trust that the smart contract and our project itself isn’t fraudulent.
After these first steps we will take bigger goals into aim. For example we plan to create an NFT collection of animals that we were able to help with our donations. We also want to look into listing on other exchanges so people can buy our token without having to pay the high gas fees on Uniswap
We might make use of the Binance Bridge and launch our token on PanCakeSwap, but we also think listing on a centralized exchange like WhiteBIT would be a good idea to grow our project.
Other than that we think it would be a good idea to create an album of music tracks for our token and to sell them as NFTs. The funds that are raised this way could be used to help coolearth.org or other charities that try to fight global warming
Launch on Uniswap
CoinMarketCap listing CoinGecko listing Blockfolio listing Token audit
NFT album collection WhiteBIT listing AMA
Develop mobile game New exchange listings Land on Moon
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PNGN token is now live on the Ethereum mainnet. The token address for PNGN is 0x469a8ea7683c27d31cd9b0de769151d8a8b66c5a. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don't have a Metamask wallet, read this article and follow the steps
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy PNGN token
The top exchange for trading in PNGN token is currently ..........
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once PNGN gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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