The Journey of Fat Penguin Holders: Top Ten Important Information Shares

Unknowingly, I have held onto the Fat Penguin for over 1000 days. As a long-term holder, this journey has been both challenging and delightful. After all, this project has given me so much in return.

Recently, there have been reports that Fat Penguin is about to issue a token. At first, I was skeptical because the project team has consistently downplayed the token issuance plan and never relies on short-term hype to maintain the price.

In the past three years, the team and the community have been making simultaneous efforts in both Web2 and Web3, continuously enhancing brand influence and making Fat Penguin a globally recognized IP.

As for why to issue the token at this time, after careful consideration, I have the following views: The current bull market continues, with a large influx of new users. Fat Penguin already has wide recognition in Web2 and is a leader in Web3, which can fully serve as a bridge between the two fields. On one hand, it helps newcomers understand Web3, and on the other hand, it also aids in advancing its own business.

In other words, $PENGU is not only the spiritual symbol and lubricant of the Fat Penguin Empire but will also become a vehicle for driving the large-scale adoption of Web3. In any case, I choose to unconditionally trust the Fat Penguins and their team.

Recently, there has been a lot of heated discussion about the Fat Penguin airdrop, and there are many questions. Next, I will answer them one by one.

1. Airdrop Mechanism

There is no snapshot mechanism; after $PENGU goes live, you can directly claim it using NFTs for a continuous period of 88 days. This means that any purchase of NFTs at any time before the token goes live is eligible for the airdrop. Compared to traditional snapshot methods, this approach better prevents insider trading.

2. Digital Preferences

The project team seems to favor the number 8: the total amount of Big Penguin is 8888, the total amount of $PENGU is 88,888,888,888, and the airdrop claiming period is 88 days. In Chinese culture, 8 symbolizes "prosperity" and represents good wishes.

3. Token Positioning

Currently, the official description of the $PENGU utility is relatively brief, only mentioning the promotion of large-scale adoption of Web3 and attracting more people to join the community.

I personally believe that $PENGU is more of a cultural symbol with Meme attributes. It represents the efforts of Fat Penguin to innovate against the trend over the past three years, symbolizing positive elements like confidence, optimism, cuteness, and unity.

4. Deployment Selection

$PENGU chose to deploy on Solana, possibly to lower the participation threshold. Future plans include expanding to multiple chains, including the Ethereum mainnet and Abstract Chain.

5. Valuation Discussion

The external valuation analysis of $PENGU has limited reference value. The goal of the Fat Penguin has never been to become the next certain project, but to be the best version of itself. There should not be excessive comparisons with other projects for valuation.

6. Community Allocation

After the official announcement of the token issuance, the community atmosphere remains harmonious, which is rare on the eve of a token launch. As an old member who joined in 2021, I firmly believe that the team will not disappoint the expectations of the supporters.

7. External Community Allocation

The allocation ratio of 24.12% covers 5 million addresses, highlighting the team's grand vision. It is speculated that this part may benefit the community that previously participated in the Fat Penguin airdrop, as well as the project parties that have investment and financing relationships with it. There may also be some new airdrop standards that are worth looking forward to.

8. FTT Holdings Distribution

The decision to allocate 0.35% to FTT holders surprised many. The project leader explained that this was to provide some comfort to the victims of the FTX incident and encourage them to remain optimistic. This gesture is heartwarming.

9. Future Planning

Fat Penguin is one of the few high-quality projects that does not rely on short-term speculation to maintain its value. Its value comes from the team's ongoing efforts in the Web2 and Web3 fields, as well as a top-notch brand and community foundation.

In the development blueprint of Fat Penguin, $PENGU is just the first step. There will be ongoing promotional activities and an L2 network called Abstract aimed at ordinary users (which will issue its own token separately).

These plans are sufficient to support the value of NFTs while avoiding excessive selling when the tokens go live.

10. Exchange Listing

For such a powerful IP, major exchanges will definitely not miss out. It is believed that the platforms that will support it will gradually come online, so just wait patiently.