The PGM Token Raise
"Hey Bro, best invest ever! You can't lose with it, as the price always returns to the starting price if it should drop below." - an investor
Yes, exactly that is our goal. And it becomes possible as there are no team tokens, no VC tokens, and the development is already funded and in final stages. Every investor has the same conditions.
Short Summary
Now → Oct 10, 2026
Raising with $0.001 per PGM token. Beta version of the game goes live.
Oct 10, 2026
100% immediate PGM token unlock. Official launch of the game. Version 1.0
Oct 10, 2026 →
The raising contract ensures a token price of at least $0.001 via buyback + burn. This is possible because the contract holds enough USDT to buy all PGM in circulation for $0.001
Raising Plan in Detail
From now to the 10th Oct 2026 the raising contract is open. Everyone with a wallet can participate. The raise price for the PGM Token is 0.001 USDT. The invested USDT become locked in the raising contract.
Until the 10th Oct 2026 investors can decide to use some of their future PGM allocation, for example to participate in the beta version of the game and other features that are currently in concept phase.
On the 10th Oct 2026 the PGM become claimable. 100% immediate unlock. Except allocation that was already used in the beta version of the game (if you are a player). All proceeds from the beta are carried over to the full version.
On the 10th Oct 2026 a liquidity pool is formed:
Floor Protection LP
$0 → $0.001
5% of remaining PGM-backing USDT
Provides trading liquidity below start price
Start Price
$0.001
—
The price at which PGM launches
Price Discovery LP
$0.001 → ∞
Additional PGM (= 10% of max supply)
Enables unlimited price discovery
Buyback Reserve
Sidecontract
95% of remaining PGM-backing USDT
Buys PGM if price drops below $0.001
The pool is a concentrated liquidity pool with two separate positions (NFTs): one for floor protection, one for price discovery.
Both liquidity NFTs are locked in contracts — they cannot be removed.
"Remaining PGM-backing USDT" = all raised USDT, minus the USDT behind any PGM allocation that was sacrificed (e.g. for beta participation or Infinity Staking). In other words: exactly the amount of USDT needed to buy back every PGM token in circulation at the starting price.
Now the trading starts. Some investors might want to leave and sell their token quickly. Some people might want to join and buy PGM. If the price drops below 0.001 USDT the buyback mechanism kicks in (semi-automatic: a worker bot triggers the buyback, but the function is intentionally public so that anyone can trigger it — pushing the price back to $0.001). If the price drops again, it gets triggered again. So on and so forth.
As the raising contract holds 95% of remaining PGM-backing USDT, it is possible to always return to the price of 0.001 USDT until 95% of all PGM given to investors are sold. The missing 5% are in the floor protection LP which "buys" token anyway. And even if the unlikely scenario were to occur where 95% of all issued tokens were sold, the remaining 5% could still be used as floor protection LP to bring the price back up to 0.001 USDT.
Investment Protection
Using this methodology, the risk of investors losing money can be reduced to an absolute minimum. Residual risks still exist, however, and these are discussed in a section at the end.
The methodology for PenguMiner is definitely crazy good. And for most projects, it's also not feasible, since almost every project relies on funding in some way. But as a developer, I'm on my own and have essentially put in the work upfront. And that's what makes this absolutely insane fundraising mechanism and the resulting investment protection possible.
Residual Risks
The project runs on the Abstract Chain. Theoretically, the chain could be shut down, go down, or something else could happen.
The project uses USDT as its stablecoin. Theoretically, something could happen to USDT.
The project uses the Pengu token; theoretically, something could happen to it.
A DEX is used to set up the liquidity pools, i.e., their contracts.
The USD on its own is a risk, as fiat can theoretically hyperinflate.
One might say not using wBTC, ETH or Pengu as backing coin instead of USDT is a risk (or a missed opportunity)
A Personal Note
But hey, honestly, I think everyone reading this is close enough to the crypto space to know how small these risks are. The biggest risk (which, in my opinion, is still small), which is not included in the list above, might be the code of the smart contracts that I write myself. Theoretically, there could be a vulnerability somewhere in there, but they've already been run through four different AIs multiple times, have been tested, and are still being reviewed. The modular structure of the contracts allows for upgrades of all contracts beside the raising contract at any time. I can't perform the upgrades or certain recovery functions on my own — they require multisig. Of course, I also can't just press some button to withdraw all the funds or anything like that.
My wish is to prove that near risk-free crypto investment is possible. And at the same time help to revive crypto gaming by showing that profitable games are possible. I have this dream since my childhood of having a game where you can earn enough by playing so that it becomes your job. And now I create exactly that!
Last updated
Was this helpful?