What is SpacePenguin?

Symbol: P3NGUIN · Market cap rank: #7375

Short answer

SpacePenguin (P3NGUIN) is a cryptocurrency currently ranked #7375 by market capitalisation.

Source: isthiscoinascam.com

Overview

SpacePenguin is a deflationary yield-generating token relaunched in mid-2024, designed to incorporate charity use cases within its ecosystem. The project collects taxes allocated to various funds, including reflections for holders, a development and marketing fund, and a dedicated charity fund, which the community can influence regarding donation decisions.

The token aims to foster a community aligned with its objectives, leveraging a governance model that emphasizes collective input on charitable contributions. Specific details such as native chain and supply cap were not provided in the description.

Scam-risk analysis

SpacePenguin has a moderate score — some risk signals were raised but no critical concerns. Is SpacePenguin a scam?

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