PengolinCoin is a Proof of Stake (PoS), open source, decentralized blockchain-based cryptocurrency focused on achieving fast transactions, an active and involved community, real-world utilization, network scalability, and fungibility.
PengolinCoin’s roots are derived from the cryptocurrency, Dash.
Dash is a fork of Bitcoin, and through it, PengolinCoin retains the valuable features of Bitcoin such as its distributed, decentralized, immutable ledger, and its network of nodes.
PengolinCoin also retains the valuable features of Dash, such as its instantsend technology and its use of Masternodes. Masternodes are a crucial part of the network and provide maximum uptime and service. What distinguishes
PengolinCoin
from others is that it not only uses Masternodes, but it also uses the PIVX Proof of Stake (PoS) consensus algorithm technology.
PengolinCoin uses two different staking systems to run its network- hot staking and masternodes. Rewards are given to PengolinCoin users that choose to maintain a balance of at least one PengolinCoin in their wallets or by storing
100,000
PengolinCoins and running a masternode.
PengolinCoin’s goal is to be accessible to everyone, everywhere.
This is why we develop the most useful and accessible applications and means of communication.
The PengolinCoin (PGO) community remains at the center of the PengolinCoin project and it is the source for new ideas and new challenges.
It is made up of cryptocurrency enthusiasts from all different places and walks of life. The PengolinCoin Team always strives to maintain trust and transparency with it’s community.
A portion of PengolinCoin’s profits will go to save the endangered Pangolin. We will continue to support our partnered charity, the Pangolin Crisis Fund and continue to fundraise and support them.
PGO is eco-friendly as it does not require a lot of energy or any traditional computationally demanding computer equipment to run its network.
PGO can be hot staked by simply installing the core desktop wallet, depositing at least one coin into the wallet, and unlocking the wallet in Staking Only mode. Deposited coins will start to stake after 21 confirmations. With hot
staking, the wallet needs to be kept online and running in order for staking to function. Cold staking is already set up in the wallet and will be available in the near future.
You can build a masternode (100,000 PGOs required) that is controlled via your local wallet. Your local wallet is not required to be kept open, and you can store it as a cold wallet while still collecting masternode payments.
There are many ways to set up a masternode, but you'll find a secure way to do it in the official PGO Masternode Tutorial.You can also participate in a shared masternode by visiting one of PGOs
partners. A list of partners can be found in PGOs Discord server. If you need any additional help, feel free to join PGO Discord and ask for a help in #support channel.
PengolinCoin quick specs
Name: PengolinCoin
Ticker: PGO
Genesis date: 22/03/2020
Mine-able: No
Stake-able: Yes (Earn block reward from coin ownership)
Masternode Support: Yes, 100,000 PGO per masternode
Consensus Algorithm: POS
Block time: 60 seconds
Total supply: 100M
Premine: 15M (swap = 11.5M, project = 3.5M)
Dev-Fee: 5% on every block
ICO: No
Difficulty retargetting: every block
PoS Rewards Breakdown
Phase
Block Height
Reward
Masternodes
Stakers
Dev
Phase 0
1001-525600
20 PGO
50% (10 PGO)
45% (9 PGO)
5% (1 PGO)
Phase 1
525601-1051200
18 PGO
50% (9 PGO)
45% (8.1 PGO)
5% (0.9 PGO)
Phase 2
1051201-1576800
16 PGO
50% (8 PGO)
45% (7.2 PGO)
5% (0.8 PGO)
Phase 3
1576801-2102400
14 PGO
50% (7 PGO)
45% (6.3 PGO)
5% (0.7 PGO)
Phase 4
2102401-2628000
12 PGO
50% (6 PGO)
45% (5.4 PGO)
5% (0.6 PGO)
Phase 5
2628001-3153600
10 PGO
50% (5 PGO)
45% (4.5 PGO)
5% (0.5 PGO)
Phase 6
3153601-3679200
8 PGO
50% (4 PGO)
45% (3.6 PGO)
5% (0.4 PGO)
Phase 7
3679201-4204800
6 PGO
50% (3 PGO)
45% (2.7 PGO)
5% (0.3 PGO)
Phase 8
4204801-4730400
4 PGO
50% (2 PGO)
45% (1.8 PGO)
5% (0.2 PGO)
Phase 9
4730401-18848000
2 PGO
50% (1 PGO)
45% (0.9 PGO)
5% (0.1 PGO)
Team
Leaders team
citizenz7
PengolinCoin Founder
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France
CryptoVin
PengolinCoin Advisor/Investor
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U.S.A.
Developers team
Alonewolf
PGO lead blockchain Developer
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Laos
Xuehao S.
PGO Developer
China
Pandesal
PGO Mobile and Bot Developer
Australia
Community team
老道
China
William
China
Nut78
France
Premium
Belgium
News & Updates
28.07.2020 The Swap Is Over! PengolinCoin (PGO) Is Now Proof of Stake (PoS)!
Greetings fellow Pengolonians! As you may or may not know PengolinCoin has moved from a Proof of Work (PoW) consensus to a Proof of Stake Consensus (PoS). We made this decision for several reasons. First, our original code was old and
out dated. We needed to update the code and this could have taken months. Second, PengolinCoin was being dominated by FPGA’s and ASIC miners which leads to decentralization and coin dumping. Finally, we were lucky enough to find and add
Alonewolf to the team. Alonewolf is a PIVX blockchain expert and educated us on the advantages of this blockchain and Proof of Stake. The best part is that Alonewolf could complete the new code in a week. The new PengolinCoin code will
set the project up for a successful future... [Read more]
25.07.2020 PengolinCoin almost completed its transitioning from POW to POS
The swap process will end on monday 27/07/20 - 11:59 PM GMT. After this date and time, people will be able to swap BUT it will be done manually and with a 20% fee and for a very short period of time (24h)...
FAQ
Here you will find a few Frequently Asked Questions about PengolinCoin...
Simply leave your wallet online, open and unlocked for staking. After 21 confirmations your wallet will start staking.
How many confirmations before my masternode is “Enabled?”
After 15 confirmations your masternode will be “Enabled”
I don’t understand how to set up a masternode on a VPS, what can I do?
We have partenered with the best Masternode hosting services. They will host your masternode for you! No complicated servers! One minute setup. Same price as a VPS:
Cryptwerk: Companies and services accepting PengolinCoin as payment
Listed on
Charity
Q4hnTcFRixe4xMGNkVS7sEfu1HBZSJdaSX
This address is intended to receive the funds which will be donated to organizations that fight illegal trade that threatens all eight species of pangolins.
PengolinCoin Project will donate part of its income. You can send PGO directly at this address to make your contribution.
Charity address balance: 4,120.00 PGO [updated on 30/07/2020]
First donation to Pengolin Crisis Fund has been sent on may 1rst, 2020: $100
See Discord message
