PNGN

Overview of SpacePenguin (P3NGUIN)

P3NGUIN, a DeFi token relaunched in March 2022, promises several features to entice investors. It aims to be deflationary, meaning its supply will automatically decrease over time, and generate yield by rewarding holders with a portion of every transaction.

Interestingly, a part of these rewards are allocated towards charitable causes and real-world asset backing, although details remain unclear. Additionally, a burn mechanism removes 1% of tokens from circulation with each transaction, potentially increasing the value for remaining holders.

Pros & Cons

What Makes SpacePenguin (P3NGUIN) Unique？

P3NGUIN, a recently relaunched DeFi token (March 2022), aims to stand out with a blend of features.

It boasts a deflationary model where the total supply automatically shrinks, potentially increasing value for long-term holders.

Additionally, it offers yield generation by rewarding users with 2% of every transaction. Uniquely, P3NGUIN allocates transaction fees towards charities and real-world asset backing , suggesting a focus on social good and potentially increasing token stability.

How does SpacePenguin (P3NGUIN) Work？

P3NGUIN's inner workings are shrouded in some mystery due to its recent relaunch (March 2022) and limited adoption.

• Deflation and Yield: The total supply of P3NGUIN tokens is designed to automatically decrease over time (deflation). This could involve burning a portion of tokens with each transaction. Additionally, a share of those fees is distributed to holders as rewards (yield generation).
• Charity & Asset Backing: A portion of transaction fees will be allocated to charities and real-world asset backing. These features aim to benefit society and potentially stabilize the token's value.

How to Store SpacePenguin (P3NGUIN)？

P3NGUIN can be stored in Metamask, Binance Chain Wallet and a dedicated SpacePenguin Wallet.

MetaMask: A popular browser extension and mobile app wallet that allows users to store, send, and receive various Ethereum-based tokens. It integrates with many DeFi platforms and offers a user-friendly interface.

Binance Chain Wallet: A wallet designed to interact specifically with the Binance Smart Chain (BSC) ecosystem. It allows users to store, send, and receive BSC-based tokens and connect with BSC-based applications.

SpacePenguin Wallet: While it's said there is a dedicated wallet available, information about its existence or functionality is unavailable over the Internet. It's best to avoid unknown wallets, especially for a new token with limited information.

Is It Safe？

P3NGUIN is a high-risk investment. While features like deflation and yield generation sound promising, the lack of exchange listings and liquidity make it nearly impossible to buy, sell, or even determine its true value.

Furthermore, unclear details on charity and asset backing raise transparency concerns. Unless P3NGUIN addresses these issues and establishes a functioning marketplace, otherwise, consider it an extremely speculative investment.

How to Earn SpacePenguin (P3NGUIN)？

Earning P3NGUIN with the current limitations (March 2022 relaunch, no exchange listings, and no liquidity) is impossible. The token describes features that could offer earning opportunities in the future, but these rely heavily on wider adoption.

One feature is transaction fee distribution, where a portion of fees from every trade is distributed among all holders. However, without any trading activity, there are simply no transaction fees to distribute at this point.

FAQs

What is P3NGUIN？

P3NGUIN is a DeFi token relaunched in March 2022 with features like deflation and yield generation. It aims to reward holders and potentially increase in value over time.

What are P3NGUIN's unique features？

P3NGUIN boasts deflation (decreasing supply), yield generation (rewards for holding), charity allocations, and real-world asset backing (details unclear).

Is P3NGUIN safe to invest in？

Currently, P3NGUIN is a high-risk investment. It lacks exchange listings and liquidity, making it difficult to buy, sell, or value the token. Transparency concerns also exist due to unclear details about charity and asset backing.

How can I store P3NGUIN？

While P3NGUIN might utilize wallets like MetaMask (Ethereum) or Binance Chain Wallet (BSC) in the future, storing it isn't practical yet due to the lack of a functioning marketplace. Avoid unconfirmed dedicated wallets.

How can I earn P3NGUIN？

Currently, you cannot earn P3NGUIN. Features like transaction fee distribution and earning through charity or asset backing rely on a functioning marketplace, which P3NGUIN lacks.