$pPENGO logo

Private Pengo ($pPENGO)

With the launch of the COTI Telegram Wallet bot, management of Private tokens on COTI V2 blockchain has become much more user friendly. It marks the birth of the first Private DEFI token on COTI chain… $pPENGO.

Background story

The Rise of $pPENGO: From Hyperinflation’s Ghosts to Deflationary Privacy in DeFi

In the annals of economic history, few tales are as cautionary as that of the Hungarian pengő, the fiat currency that once symbolized a nation’s resilience but ultimately succumbed to the ravages of hyperinflation after World War II. Introduced in 1927, the pengő started as a stable unit of exchange, backed by gold and silver. But by 1946, postwar chaos and unchecked money printing turned it into a parody of value. Banknotes ballooned to absurd denominations — imagine holding a single bill worth 100 million pengő, then escalating to a “billion” (actually a milliard, or 10⁹) and even a “trillion” pengő (10¹²). These weren’t just numbers; they were desperate additions of words like “Billion” and “Trillion” stamped boldly on the notes to denote their astronomical face values, as printers struggled to keep up with zeros that multiplied like a viral fever. The pengő’s collapse was swift and total, teaching the world a hard lesson: unchecked inflation erodes trust, wealth, and society itself.

Fast-forward to the blockchain era, where we’ve reimagined this infamous name not as a symbol of decay, but as a beacon of innovation and scarcity. Enter $PENGO, our public token thriving in the inflationary currents of modern crypto ecosystems. But today, we unveil its shadowy counterpart: $pPENGO, the private token on the COTI V2 network — a DeFi powerhouse designed for discretion, deflation, and decentralized empowerment.

Picture $pPENGO as the elite vault to $PENGO’s bustling marketplace. Pegged at an epic scale, one $pPENGO represents a staggering 100 Billion $PENGO, echoing the hyperbolic denominations of its historical namesake. But where the old pengő notes bloated with worthless trillions, $pPENGO flips the script: it’s engineered for deflationary strength. Every time you bridge funds between the public $PENGO and the private $pPENGO — or vice versa — a precise 5% token burn ignites, permanently removing supply from circulation. This isn’t arbitrary destruction; it’s a deliberate mechanism to enhance scarcity, driving long-term value as the total pool shrinks with each transaction. In a world drowning in inflationary tokens, $pPENGO stands as a deflationary fortress, rewarding holders who navigate its ecosystem wisely.

What truly sets $pPENGO apart in the DeFi landscape is its unwavering commitment to privacy. Built on COTI V2’s advanced confidential computing, this token operates like a digital whisper network — transactions shielded from prying eyes, metadata obscured, and user identities preserved without compromising the blockchain’s integrity. No more exposed wallets or traceable trails that plague traditional crypto; $pPENGO ensures your moves remain yours alone, whether you’re swapping assets, providing liquidity, or staking in decentralized protocols. It’s DeFi at its purest: no central banks dictating terms, no intermediaries skimming fees — just peer-to-peer freedom, governed by smart contracts that anyone can audit yet no one can invade.

In honoring the pengő’s wild past, $pPENGO transforms tragedy into triumph. Those old banknotes, bloated with “Billion” and “Trillion” labels, were cries for help in a failing system. Here, the “p” prefix — standing for private — signals a new era: one where hyper-scale value meets hyper-secure privacy, all wrapped in deflationary tokenomics that burn away excess like a controlled fire refining gold. For DeFi enthusiasts, privacy advocates, and those weary of inflationary fiat echoes, $pPENGO isn’t just a token — it’s a narrative of redemption, proving that from the ashes of economic folly, true innovation can rise. Join the movement, bridge wisely, and watch scarcity forge your fortune.

pPENGO Supply

The supply of $pPENGO tokens is 21 Million tokens.

Every $pPENGO is backed by 100 Billion $PENGO.

Bringing $pPENGO into circulation

The $pPENGO tokens are brought into circulation by moving them from the founding wallet (…0A658) to the distribution wallet (…0636A) which is the wallet connected to the COTI Telegram Wallet bot.

Every time $pPENGO tokens are moved to the distribution wallet, the backing $PENGO is moved to the pPENGO founding wallet (..0A658) to take them out of circulation and to ensure that the $pPENGO in circulation matches the $PENGO taken out of circulation.

Moving $PENGO to the pPENGO founding wallet generates a tax of 5% on the moved $PENGO fueling the deflation of supply of $PENGO tokens further. To compensate for this 5% tax on the $PENGO, 5% of the $pPENGO moved to the distribution wallet is burned by sending it to Dead Wallet (…0dEaD).

This means bringing $pPENGO into circulation initiates a burn both in $pPENGO and in $PENGO supply, boosting the inflation rate of both..

Distribution of $pPENGO tokens.

In time there will be a bridging mechanism where you can trade your $Pengo tokens for $pPENGO at the 100 Billion $Pengo denomination. At this stage there are only three ways to acquire $pPENGO..

1. By requesting the PENGO Miner rewards to be paid out in $pPENGO instead of $PENGO. The payment rate is 0.1 $pPENGO per miner. At this moment, we can only allow 20 addresses for this feature until further developments have occurred. Receiving them as PENGO Miner rewards means there is no loss in value as you will receive the same amount of $Pengo after conversion as you would have received if the reward came directly as $Pengo rewards being 9.5 Billion per 0.1 $pPENGO.
2. We reserve up to 1000 $pPENGO to distribute to people with solid value add to the COTI blockchain and its wider ECO-system.
3. By sending $PENGO to our distribution wallet (…0636A). Please announce transaction through DM to Infl. Tokens Twitter or Telegram account and be aware that the transaction to our distribution wallet will be taxed (5%) impacting the amount of $pPENGO you will receive. In practice this means you will receive 0.95 $pPENGO for every 100 Billion $Pengo sent.

Use Case.

The use case of $pPENGO at this time is to have your stack in $PENGO stored using the programmable privacy option provided by COTI. More use cases will follow later.

At any time you can convert them into 100 Billion $PENGO each (-5% tax). This means there is some loss in value by exchanging them, driving $PENGO deflation.

Future Use Cases:

• Trade against other private coins on COTI chain
• Convert to $Pengo for trading on public COTI mainnet
• Purchase Pengo Miners

More details can be read on our webpage: https://t.co/ccv4h1ZVLr