Diamond hand fat penguin holder: Insights after 1000 days of holdings

Unintentionally, I have held the Fat Penguin for over 1000 days. As a long-term holder, although the process has been arduous, it is also filled with joy, as this project has given me many rewards.

Recently, I heard that the Fat Penguin project plans to issue a token, and at first, I was skeptical. This is because the project team has always downplayed the issuance of tokens and never relies on unhealthy means to maintain the price.

Over the past three years, the team and community have been making efforts in both Web2 and Web3 fields simultaneously, continuously enhancing brand influence and making Fat Penguin widely known globally.

After thinking, I believe that the choice to issue tokens at this time may be due to: the current bull market is continuing, and a large number of new users are entering the market. The Fat Penguin has already gained widespread recognition in the Web2 world and has performed excellently in the Web3 field, making it a perfect bridge to connect these two worlds. On one hand, it helps newcomers understand and participate in Web3, while on the other hand, it promotes the project's own business development.

The new token $PENGU is not only an important part of the Fat Penguin ecosystem but will also become a vehicle for the large-scale application of Web3. Regardless, I choose to fully trust the Fat Penguin project and its team.

Here are some important details about the Fat Penguin token airdrop:

1. Airdrop mechanism: No snapshot, claim directly with NFT after launch, for a duration of 88 days. This means that any purchase of NFT made at any time before the token launch is eligible to participate in the airdrop, effectively preventing insider trading.

2. Digital Preference: The project team seems to favor the number 8. The total number of Big Penguin NFTs is 8888, the total supply of $PENGU is 88,888,888,888, and the airdrop claim period is 88 days. The number 8 is a homophone for "fa" in Chinese, which has a good meaning.

3. Token Positioning: Currently, the official description of the use of $PENGU is limited, only mentioning the promotion of large-scale adoption of Web3 and attracting more people to join the community. Personally, I speculate that $PENGU is more like a cultural symbol, leaning towards Meme attributes, representing the innovative spirit and positive values of the project over the past three years.

4. Chain deployment selection: $PENGU chooses 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 issue: The external valuation analysis of $PENGU has little reference value. The project's goal is not to become a substitute for a benchmark, but to become the best version of itself.

6. Community Distribution: 25.9% of the tokens are allocated to the community. As an early community member, I believe the team will treat every supporter well.

7. External Cooperation: 24.12% of the tokens are allocated to external communities, covering 5 million addresses. This may include projects that have previously interacted with Fat Penguin, as well as some new partners.

8. Compensation for FTT holders: 0.35% of the tokens are allocated to FTT holders, aimed at providing some comfort to the victims of the FTX incident, reflecting the project's humanistic care.

9. Long-term Development: $PENGU is just the first step of the Fat Penguin ecosystem. The project has ongoing development in both Web2 and Web3 fields, and more innovative content and independent L2 solutions will be launched in the future.

10. Exchange Support: Considering the brand influence of Fat Penguin, it is expected that mainstream exchanges will support the listing of $PENGU; it's just a matter of time.