HackerNoon, the independent publishing technology platform, published the following release today. Text below.
Penguin Token ($PUNGU) officially announces the successful launch of its cryptocurrency token, marking a significant entry into the meme coin market. The development team reports that the launch completed its planned 50-stage rollout, resulting in substantial early investment and growing community engagement.
As part of its strategic expansion, $PUNGU has secured listings on Tier 2 CEX BitMart and an undisclosed Tier 1 CEX. These partnerships aim to provide broader accessibility and liquidity for investors and traders.
Pengu Unleashed leverages Layer 2 rollup technology, utilizing zk-rollups and optimistic rollups, to significantly reduce gas fees and enhance transaction speeds compared to Ethereum’s Layer 1 network. This infrastructure allows for scalable transactions without sacrificing security or decentralization. The fee structure is as follows:
- 85% of transaction fees allocated to validators securing Layer 2 rollup transactions.
- 10% directed to a community-driven donation pool supporting global penguin conservation.
- 5% reinvested into the network’s development fund for continuous improvements.
The $PUNGU platform provides a development environment for decentralized applications (DApps) optimized for low-cost deployment. Developers benefit from seamless integration with Ethereum-compatible tools and smart contracts.
“Memes are cultural artifacts, and Pengu Unleashed is building infrastructure to make them scalable and meaningful. By lowering the entry barrier for creators and developers, we’re enabling a new wave of decentralized creativity,” stated a lead developer from the $PUNGU team.
Network security is maintained by a decentralized pool of validators responsible for processing off-chain transactions and submitting proofs to Ethereum’s mainnet. $PUNGU holders are granted governance rights to propose and vote on platform upgrades, donation initiatives, and ecosystem incentives.
Pengu Unleashed has pledged $1 million to support penguin habitat conservation and broader climate change initiatives. This commitment integrates environmental responsibility into the platform’s financial model, aligning technological innovation with meaningful global impact.
About Pengu Unleashed $PUNGU
$PUNGU is a groundbreaking cryptocurrency initiative that aims to democratize financial opportunities and provide a secure, rewarding investment vehicle for crypto enthusiasts globally. With a focus on fostering a vibrant community and leveraging cutting-edge blockchain solutions, $PUNGU is poised to become an essential asset in the portfolios of forward-thinking investors.
Media:
- Website: pungu.io
- Twitter (X): https://x.com/pengu_unleashed
- Telegram: http://t.me/pengu_unleashed
Media Contact:
- Steven Rodrigues Quintero
- Marketing@penguunleashed.com
- Phone number: (618) 661-9215
Disclaimer: This press release, titled 'Pengu Unleashed ($PUNGU) Announces Successful Launch and Strategic Exchange Listings', is distributed by Pengu Unleashed for informational purposes only. It does not constitute an offer to sell, solicit an offer to buy, or recommend engaging in any transactions involving securities by Pengu Unleashed. The information could not be comprehensive and does not purport to contain all relevant information regarding the $PUNGU token. Prospective users should not construe content as legal, financial, or investment advice and are encouraged to consult with Pengu Unleashed directly by contacting Steven Rodrigues Quintero at Marketing@penguunleashed.com for any queries or clarifications. KissPR, its partners, and its affiliates do not endorse and expressly disclaim responsibility for the accuracy of the content herein. They shall not be liable for any losses or damages arising from the use of this press release. Investments in securities involve significant risk, and prospective investors should be aware that past performance is not indicative of future results. By submitting this release, Pengu Unleashed affirms that it has adhered to all relevant regulatory requirements involved in the dissemination of this press release. For further details, please contact Pengu Unleashed directly.