🧑‍💻Technology & IEO

What is the technology behind PNGVN?

PNGVN token icon

Trading name	PNGVN
Total supply	199 282 370 (no further supply mintable)
Blockchain	Ethereum
Smart contract language	Solidity
Blacklist	None (no blacklist functions present)
Taxes	Buy: 0% Sell: 0% Transfer: 0%
Max transaction limit	None
Max wallet holdings	None
Estimated marketcap	$0.50 x 199 282 370

PNGVN token contract address: 0x1e0b5ce71d2fa1155db93e1452890e1ddb26d736

A third-party provider with a full security check has independently audited the smart contract. The complete report can be seen here.

Anyone can verify PNGVN on Etherscan

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Network

ERC-20 (Ethereum Blockchain)

PNVGN token is an Ethereum ERC-20 standard token, as it is the most popular and widely adopted standard for creating fungible tokens.

We have chosen Ethereum as the network for PNGVN as it provides interoperability, security, stability and standardisation at its core amongst the other benefits mentioned below.

PNGVN has a total supply of 199 282 370 tokens. Learn more about the tokenomics by exploring the link below:

📊Tokenomics

ERC-20 explained

ERC-20 tokens are a type of cryptocurrency token that adhere to a set of standards established by the Ethereum blockchain. They are standardized, meaning that they follow a set of rules established by the Ethereum community to ensure compatibility between different tokens and Ethereum wallets. Some of these functions/rules include how the tokens can be transferred, transaction approval requirements, how users can access token data, and the total supply of tokens.

The term ERC20 stands for “Ethereum Request for Comment 20,” the technical specification defining the rules for creating and managing ERC-20 tokens.

ERC20 tokens are fungible, meaning that they are interchangeable with other tokens of the same type. For example, if you have one ERC20 token from a particular project, it is the same as any other token standard from that same project.

ERC-20 benefits

ERC20 tokens offer several benefits to both issuers and users:

1. Interoperability ERC-20 tokens transfer is designed to be compatible with any Ethereum wallet or exchange, making it easy for users to manage and trade them.

2. Standardisation ERC-20 tokens adhere to a set of standards that make them predictable, transparent, and easy to use. This helps to reduce complexity and improve adoption.

3. Flexibility ERC-20 tokens can represent any digital or physical asset. They can be used to create a wide variety of applications, from digital identity and governance to supply chain management and voting systems.

4. Security ERC-20 tokens are created and managed using smart contracts, self-executing programs running on the Ethereum blockchain. This provides high security and transparency, as all transactions are recorded on the blockchain and cannot be altered.

5. Global Reach ERC-20 tokens can be issued and traded globally, enabling companies and organizations to access a global investor base without the need for traditional fundraising methods.

6. Liquidity ERC-20 tokens can be easily traded on cryptocurrency exchanges, providing liquidity to token holders and enabling them to buy and sell their tokens easily.

7. Lower costs ERC-20 tokens are often cheaper to issue than traditional fundraising methods, such as IPOs, and can help reduce user transaction costs.

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PNGVN: Token is fully audited within the biggest, smart contract manual code review with centralization risks assessments and vulnerabilities findings. On top of that, contract privileges with maximum fee limit check and owner privileges check among many others are reviewed within our token smart contract auditing report.

The tech-set

The PNGVN token interface is a Web 3.0 APP built for depository, revenue share, token claim and token import.

What is Web 3.0

Web 3.0 or Web3 is the third generation of the World Wide Web (WWW), which implicates direct immersion into the digital world. Web 3.0 encloses individual control of personal data and enables a seamless bridge to cryptocurrencies and blockchain technology with decentralisation at heart. Synonymous with desentralisation are; trustlessness, permissionlessness, artificial intelligence (AI), connectivity and ubiquity. Web 3.0 is the future of the internet where all the above-mentioned works in perfect harmony.

About the PNGVN Web3 interface

Depository

The depository serves as your commitment and participation in our quarterly dividend payouts.

Tokens deposited to the depository can be withdrawn at any time. There is no lockup period for depositing/withdrawing tokens.

Revenue share

As a PNGVN token holder, you are entitled to claim dividend payouts. The dividend payouts occur once every quarter and require a pre-requisite of participating in the depository to qualify.

Token claim & import

Claim your PNGVN tokens safely and securely on our tokens claim page, so that you can easily participate and contribute as a community member.

You can import your tokens to MetaMask so they are visible and present to interact with.

Explore the PNGVN token APP documentation for further details about its features:

Welcome to PNGVN | PNGVN

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Code talking points & snippets of the code

The total supply is capped at 250M PNGVN

The total supply for our PNGVN token will be set in stone at 199 282 370 tokens and will have no options for additional minting. Additionally, a burn function is implemented in our smart contract rendering solely the possibility for deflationary supply actions. No additional tokens will ever be re-introduced into the supply post-deployment.

Supply

uint256 constant TOTAL_SUPPLY = 250_000_000 ether;
    
    constructor(address initialOwner) Ownable(initialOwner) ERC20("Pngvn", "PNGVN"){
        _mint(initialOwner, TOTAL_SUPPLY);
        _approve(initialOwner, address(UNISWAP_ROUTER), type(uint256).max);
        _approve(address(this), address(UNISWAP_ROUTER), type(uint256).max);
        _approve(initialOwner, address(this), type(uint256).max);
    }

Decreasing total supply (burning of tokens)

 function burn(uint256 value) external {
        _burn(msg.sender, value);
    }

No token locks

function withdraw(uint256 amount) public nonReentrant{
        require(
            amount > 0, "Withdraw amount must be greater than zero"
        );

        require(
            balances[msg.sender] >= amount,
            "Insufficient balance"
        );

        balances[msg.sender] -= amount;
        totalDeposits -= amount;

        require(
            pngvnToken.transfer(msg.sender, amount),
            "Withdrawal failed"
        );

        emit Withdrew(msg.sender, amount, block.timestamp);
    }

Secure revenue share distribution

function claimShare(uint256 holderShare, bytes32[] calldata proof) external nonReentrant{

        bytes32 leaf = keccak256(abi.encodePacked(msg.sender, holderShare));

        require(
            claimStatus == ClaimStatus.LIVE,
            "Claim is not live"
        );

        require(
            !leafClaimed[leaf],
            "Share already claimed"
        );

        require(
            MerkleProof.verify(proof, root, leaf),
            "Invalid proof"
        );

        leafClaimed[leaf] = true;

        (bool success, ) = address(msg.sender).call{value: holderShare}("");

        require(
            success,
            "Failed to send share"
        );

        emit HolderShareClaimed(msg.sender, holderShare, activeRoundId, block.timestamp);
    }

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IEO - Initial exchange offering

The IEO for the PNGVN token commences on the 7th of October 2024 on and by Coinstore.

An IEO, also known as an initial exchange offering, is where a cryptocurrency exchange oversees the token sale. The benefits are obvious; a comprehensive vetting process where the white paper is scrutinised, and the crowdfunding drive is public.

The Listing and trading of PNGVN tokens will occur on the 14th of October 2024 on and by Coinstore.

About Coinstore

Accessibility - Security - Equity

As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 7 million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.

Learn more about Coinstore by checking out their official website below:

https://www.coinstore.com