$PESKY Tokenomics

The official utility token of Pesky Penguins / Nootopia is $PESKY.

$PESKY is the only way to mint Hyper-Dimensional Noot Juice for transforming Penguins at the Cosmic Corkscrew, and is the only way to use our real-time on-chain metadata update technology, The Wishing Well.

New features launching in 2023 will provide additional use cases for $PESKY.

Fixed Maximum Supply

There is a maximum token supply of 500,000,000 $PESKY.

$PESKY that has not been distributed will be kept in the "Nootopia Treasury" (the World Wallet), which is the wallet from which staking rewards are paid out to staked Pesky Penguins.

When users spend $PESKY in Nootopia, the tokens will return to the World Wallet, where they can continue to circulate into the economy through Penguin Staking.

We may also introduce limited, deflationary use cases for $PESKY in the future, which would result in $PESKY being permanently removed (burned) from the circulating supply.

Distribution Schedule

In order to incentivize participation in the community and Nootopia, $PESKY follows the following distribution schedule:

• 330M $PESKY (66%) for the "world wallet" (game/staking emissions)
• 140M $PESKY (28%) for ecosystem development and community rewards
• 20M $PESKY (4%) to the dev team on the following vesting schedule:
  • NO Pesky for the first year
  • 1.5M $PESKY/month beginning March 1, 2023 and continuing until all 20M is distributed
• 10M $PESKY (2%) to NootDAO, a community-led DAO for all holders of Pesky Penguins, on the following vesting schedule:
  • 500K $PESKY/month beginning July 1, 2022 and continuing until all 10M has been distributed.

No Monetary Value

The Pesky Penguins Team does not assign any monetary value to $PESKY. It is a utility token for Nootopia and the services provided by the team, not an investment vehicle.