PengolinCoin is a Proof of Stake (PoS), open source, decentralized blockchain-based cryptocurrency focused on achieving fungibility, privacy, transaction speed, community, network scalability, and real-world utilization. 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. Users can receive rewards by hot staking at least one PengolinCoin in their wallet or by setting up a masternode. Hot staking requires at least one PengolinCoin in your GUI wallet. The wallet must be left open, online and unlocked for staking. A masternode requires 100,000 PengolinCoins. Hot staking rewards are determined by the amount of PengolinCoins staked, length of time staked and a randomness factor. Masternodes will pay out more reliably and receive a greater percentage of the block rewards. Users can purchase PengolinCoin on Hotbit, Folgory, and a number of other exchanges.
To learn more about PengolinCoin, it’s partners and to download one of PengolinCoin’s wallets, go to the website, https://www.pengolincoin.xyz/pgo/. Finally, please join us on the PengolinCoin Discord server (link on website) if you have any questions and to receive daily PGO airdrops! We look forward to seeing you!
Thanks to CryptoVin#0097 (Discord) for the content.