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Peng Coin
A Cryptocurrency for Modern Philanthropist
PENG Coin is a cryptocurrency that makes charitable transactions more sustainable and cost-effective. By utilizing the safety, decentralization, and convenience popular among the best cryptocurrencies, PENG Coin ensures donations go directly to actual causes rather than middlemen. PENG Coin is a simpler, reward-based humanitarian support cryptocurrency powered by fast transaction speeds, privacy coin features, and low-to-zero fees.
PENG Coin was founded in 2018 to give philanthropists a better tool for charitable giving and to give charities a streamlined tool for accepting financial support. PENG Coin wants to bring charitable giving into the 21st century using crypto-technology. We believe faster, zero-fee charitable donations can become the new standard for supporting global causes.
PENG Coin integrates features from the PIVX base code, Dash, and Digibyte to provide built-in governance, a Masternode network, low-tozero costs, and fast block times. PENG Coin incentivizes the network through a sustainable Proof-of-Stake consensus algorithm with a 70-80% block payout reward. As a humanitarian-oriented cryptocurrency, PENG Coin uses fast block speeds, a zero-fee structure, and competitive privacy features to reimagine the future of electronic donations for global aid.
Read more about Peng Project – Article – Interview
Donations
Generosity is at the heart of PENG Coin. Project’s team believes the world is made better through little acts of charity and kindness. By creating a cryptocurrency that benefits humanitarian organizations, they hope to make it easier for anyone to make a positive difference where and when it counts.
Why Philanthropists Use PENG Coin?
Most electronic donations to your favorite causes are surprisingly expensive. Large transaction and maintenance fees can cost up to 25% of your total donation. PENG Coin makes charitable giving fast and low-cost, so more money goes to the causes you care about, right when it counts.
Characteristics of PENG Coin
Active Development Team with Many Contributors
Become one of our many developers. Contribute to the evolution of PENG as often or infrequently as you wish. Apply your skills to any part of the code.
Supportive Community
The PENG Coin network is a community brought together by our shared interest in cryptocurrency and passion for supporting global causes.
The Growing Network
PENG Coin is growing. With continued Coin-adoption across the world, we strive to become the new global standard in charitable giving.
Governance
A governance system defines how a cryptocurrency network is managed. PENG Coin uses the Dash governance system, which is a peer-to-peer approach that uses
Anonymity and Privacy
Keep your financial decisions to yourself. On the PENG network, anonymity and privacy are the standard.
Fast Contactless Transactions
PENG Coin has 60 second block time speeds — one of the fastest of any cryptocurrency.
Decentralized & Open-Source Currency
No middlemen to take a cut of your spending. PENG Coin offers full transparency and opportunities for everyone in the network to contribute.
Key Benefits of PENG Coin
Host a
Staking
Go green while you earn money through Proof of Stake (PoS). PoS rewards users on the PENG network for keeping coins in their wallets instead of mining, which requires a lot more computing energy.
Privacy
You have an anonymous network option. Enjoy privacy as you make donations to your favorite charities. PENG Coin integrates the PIVX base code to enable near-instant private transactions and accountability.
Zero Transaction Fees
Maximize your generosity. The use of a decentralized blockchain network for charitable giving enables a zero-fee structure. That means more money from every donation goes to the actual cause.
Transparent Giving
Full transparency is one of the key pillars of the PENG network. All funds are stored in a publicly visible wallet on the blockchain and every donation is announced and traceable by any member.
You have an anonymous network option. Enjoy privacy as you make donations to your favorite charities. PENG Coin integrates the PIVX base code to enable near-instant private transactions and accountability.
Zero Transaction Fees
Maximize your generosity. The use of a decentralized blockchain network for charitable giving enables a zero-fee structure. That means more money from every donation goes to the actual cause.
Transparent Giving
Full transparency is one of the key pillars of the PENG network. All funds are stored in a publicly visible wallet on the blockchain and every donation is announced and traceable by any member.
Masternodes
PENG Coin masternode services include:
- Anonymity (a masternode mixes up a transaction to keep the details
- anonymous)
- Instant transactions
- Decentralized governance
- Decentralized budgeting system
- Immutable proposal and voting systems
When active, masternodes provide services to clients on the network, and in return receive regular payment from the block reward. The user can choose to send their masternode rewards to their favorite PENG Coin-approved charity. In addition, PENG features Autonomous Charity Transfers (ACTs). ACTs collect a 5% slice of all masternode payouts for a public wallet that distributes coin to partnered charities.
Become A Partner Charity
This project loves partnering with new organizations across the globe. PENG Coin uses erosion-resistant financial technology to ensure more funds from your supporters can go directly to you and your cause. And since PENG Coin uses green, low-energy software, we’re also investing in a healthier planet with every transaction.
Contact this project if you are interested in becoming one of its partner charities.
Activities that PENG project helps
All funds generated and distributed through PENG Coin go to international organizations known for their efficiency and honesty.
MAGDA’S SOUP KITCHEN
Magda’s soup Kitchen is much more than a distributor of food, Giving physical mental and spiritual support, empowering and uplifting the community
SEABIRD & PENGUIN REHAB CENTRE
In 2005, Carol Walton opened the Sea Bird and Penguin Rehab Centre (SAPREC), just outside of Mossel Bay, South Africa. Run singlehandedly by Carol, SAPREC has become integral to local penguin conservation. SAPREC is responsible for saving thousands of penguins, gulls, gannets, and other local seabirds in the ten years since it opened.
AFRICAN PENGUIN & SEABIRD SANCUARY
Founded in 2006 by Wilfred Chivell, the Dyer Island Conservation Trust delivers unique conservation and research programmes in a fragile marine and critically important marine eco-system. Project strive to protect the largest surviving colonies of the endangered African Penguin whose numbers are at an all-time low; the globally important breeding and calving grounds of the Southern Right Whale; and the world’s densest populations of the vulnerable Great White Shark.
Coin specifications
Ticker: PENG
Algorithm: QUARK
Mode: Proof Of Stake PoS / Masternode
RPC: 3181
P2P: 3182
Stake Age: 1 Hour
Maximum supply: 17,147,480,000 after 52,560,000 blocks
Distributed over the next 100 years
MN Collateral: 5.000.000 Coins
Block Time: 60 Seconds
Stake time: 60 Seconds
Roadmap
2019
Q1
New marketing strategy
Business engagement
Sponsorships
Giveaways and events
New Listings
Voting Peng Community Ambassador
Community expansion
System governance – Rework on CodeBase
Public proposal system
All register legalization PENG in all laws
Team expansion
Website v2 and iOS Wallet launch
Q2
Partnership with largest companies for PENG
Hackatons
Integrating PENG as Payment for Stores
New Listings
New Feature about Blockchain and Network
I2P Network Integration
Development Game for IOS and Android
Creating Social Support Plataform
Dandelion Protocol Integration
Q3
Zpeng Activation
RingCT Integration
Smart Contract Integration
And More Improvements On PENG….