PudgyStrategyPrice

(PUDGYSTR)

PudgyStrategy is a decentralized Web3 project that operates as a core component of the Igloo Protocol. The project is designed as an onchain ecosystem focused on creating a self sustaining loop between its native token and the Pudgy Penguins non fungible token collection. Its primary goal is to foster community engagement and provide sustainable mechanics that support the broader NFT ecosystem. The central feature of the project is a mechanism known as the Igloo Engine or the Penguin Yoyo. This system works by collecting a portion of every transaction through a dedicated treasury. When the treasury accumulates sufficient resources, it is used to acquire Pudgy Penguins NFTs from the open market. These acquired assets are then held by the protocol and eventually relisted for sale at a higher value. Once an NFT is sold, the proceeds are redirected into a buy and burn system. This process involves purchasing the native token from the market and permanently removing it from circulation, which is intended to create a deflationary supply model over time. The project is active on multiple networks including the Abstract blockchain and Ethereum. It positions itself as a strategic tool for the Pudgy Penguins community, aiming to onboard more participants into the decentralized space while adding utility to the brand. The protocol also implements a dynamic fee structure on transactions. These taxes are designed to regulate the ecosystem by discouraging rapid flipping and bot activity, thereby rewarding long term participants. In addition to its NFT acquisition strategy, the project is part of a wider ecosystem of strategy tokens managed by the protocol. This ecosystem aims to connect various NFT communities through shared treasury mechanics and automated onchain interactions. By linking digital collectibles directly to token supply mechanics, PudgyStrategy attempts to build a bridge between traditional NFT ownership and decentralized finance principles. The project remains community focused, often highlighting its reserve of assets and its commitment to strengthening the presence of its associated brand across different blockchain networks. Through these combined efforts, it strives to create a functional flywheel where trading activity directly contributes to the scarcity of the token and the acquisition of high value digital assets. Learn more

--

Cryptocurrency prices are subject to high market risk and price volatility. You should invest only in projects and products you are familiar with and understand the associated risks. Carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment decisions. This material should not be considered financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may go down or up, and you may not recover your invested amount. You are solely responsible for your investment decisions. LBank is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warnings. Please also note that the data related to the above-mentioned cryptocurrency (such as its current real-time price) is sourced from third parties and is provided “as is” for informational purposes only, without any representation or warranty. Links to third-party websites are not under LBank’s control, and LBank is not responsible for the reliability or accuracy of such websites or their content.