TechFlow reports that on December 6, the NFT project Pudgy Penguins announced on X platform its plan to launch its project token PENGU on the Solana blockchain in 2024, with a total supply of 88,888,888,888 tokens. The token distribution is as follows:
The Pudgy community and other communities collectively account for 50.02% of the total, with the Pudgy community receiving 25.9% and other communities receiving 24.12%;
Team-related allocations will follow a long-term vesting mechanism: current and future team members will receive 17.8%, and the company will hold 11.48%, both subject to a 1-year lock-up period and a 3-year vesting schedule;
Liquidity pools will receive 12.35%, ecosystem expansion and public coordination each receive 4%, and FTT token holders will be allocated 0.35%.
