What is Penguin Coin (Penguin Coin Recharge)

What is Penguin Coin and what is Penguin Coin

Penguin Coin is a digital currency and an encrypted asset issued based on Ethereum. It is a digital financial system driven by public, private, and decentralized smart contracts. It can be used for transactions and for purposes such as purchasing goods and services. Currently, there are only two types of cryptocurrency circulating on the market: one is the new ERC20 version designed for users to hold Bitcoin; Another type is to provide other functions such as pledge or liquidity mining services, such as using DeFi to achieve revenue cultivation In order to allow more people to participate in decentralized exchanges or decentralized wallet projects, the development team will open source the project code and make it available to the world. At the same time, developers can also engage in various forms of wallet usage and management activities on the platform

For blockchain technology, if the decentralized wallet is a good portal, then this application must be very successful, so it is necessary to understand ordinary users, because most users now trade Cryptocurrency directly through the Decentralized Exchange (DEX), which is very similar to the operation mode of the traditional Internet Let’s talk about the basic information of Penguin coin today:

1. Price: Refers to the top three listed currencies in the current market, including ETH, XRP, BNB, EOS, TRX, XLM, and USDC. 2. Market value ratio: refers to when the total market supply exceeds supply, the market share of all tradable currencies will correspondingly decrease. 3. Market price proportion: When the total market supply is less than demand, the proportion of the market is higher. 4. Deflation rate: 1.9%

Generally speaking, investors will get some Singapore dollars in return after buying a mainstream currency in the Secondary market

2. Number of Holding Addresses: According to the historical block browser, there were a total of 18 active account addresses with DApps worth over 100 million RMB in the past 24 hours. Among these new accounts, there were over 140000 DApps in a dormant state and they are still growing. Starting from February 13th, the number of holdings has reached over 200 million As of the time of publication, a total of 19 active addresses were increasing their holdings, with a total of over 170000 transfers, generating a total of 600 million DEFI rewards. On average, 10 DEFI rewards were distributed to each address, with each snapshot occurring approximately from August 15, 2021 to July 30, 2020 at 9:30 am

Penguin coin recharge

Penguin coin is the first digital asset based on blockchain technology, developed and operated by Sinochem. Its main network was launched on May 15, 2020 Only one month after its launch, Penguin Coin has completed the deployment of well-known public chain testing networks such as BNB Chain and OKExChain, which rank first in market value worldwide, and started charging services. At present, over 100 mainstream exchanges have recharged through Penguin coins. In addition, according to the official introduction, users can transfer the Cryptocurrency they hold to their wallets or decentralized trading platforms through the “holding treasure” to obtain more rewards. (Block Beats)