PGK Tokenomics

The PGK Token

$PGK token data

• Total supply will be 200 million PGK

• Initial Circulating Supply 2,941,200 PGK

• The hard cap will be 200 million PGK this means ALL PGK tokens are pre-minted and no extra PGK tokens will be created. This means that PGK is NOT subject to inflation.

• The initial price of the PGK token will be 0.04$

• The Initial market cap will be $117,648

• Funding rounds have a 1 month cliff followed by up to 11 months of vesting.

Token allocation

Round	% of total supply	Amount of PGK
Angel	1.25%	2,500,000
Seed	1%	2,000,000
Private	2%	4,000,000
Strategic	3.57%	7,140,000
Launchpad/IDO	10%	20,000,000

Funding	% of total supply	Amount of PGK
Advisory	5%	10,000,000
Team	8%	16,000,000
P2E Eco-System	48.53%	97,060,000
Community/marketing	10%	20,000,000
Liquidity	2.65%	5,300,000
Game development	8%	16,000,000

Depending on the round/fund there will be different cliffs and vesting periods, for more information check out the Vesting Schedule

Pie chart showing token distribution

PGK Token utilities

To drive demand for the PGK token we provide various uses for the token inside and outside the game.

• Used as in-game currency between players

• Tournament prizes and other special Event pool payments will be paid in a combo of PGK tokens, and in-game NFTs.

• The PGK token will be the only currency accepted on the Penguin Karts Marketplace to purchase NFT's

• The PGK token can be used to place wages on tournaments and races

• The PGK token will serve as a governance token to allow token holders to actively participate in choosing new tracks, themes, and other fun items along the roadmap, at the teams discretion.

• Players can lock their PGK tokens in various staking pools to gain passive income

• Gain early access to in-game staking rewards if ya just can't wait for it