> For the complete documentation index, see [llms.txt](https://pingufinance.gitbook.io/pingufinance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pingufinance.gitbook.io/pingufinance/protocol/tokens.md).

# Tokens

## $PINGU (Pengu Finance Governance Token)

<mark style="color:purple;">Contract: 0xdeBBe9C1Bccb93D93dbeFC6467CF29747313847B</mark>

Initial supply of 27,000 Pingu is allocated fully to the Genesis pool rewards.

{% hint style="info" %}
Note that while Pingu attempts to **actively peg via the algorithm**, **this does not mean** it will be valued at 1 BUSD all times as it is not collateralized. We advocate that you should not consider Pingu a crypto or fiat-backed stablecoin.
{% endhint %}

The Pingu token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Pingu peg to 1 BUSD in the long run.&#x20;

##

## $PSHARE (Pingu Finance Share Token)

<mark style="color:purple;">Contract: 0x7B8e60c4Ea54a34531E4A1506Bf1B6cB5325A232</mark>

Pshare tokens are one of the ways to measure the value of the Pingu Finance Protocol in terms of discounted cash flows of future Pingu as well as investor's trust in the ability of Pingu Finance to consistently maintain Pingu close to peg. During epoch expansions the protocol mints Pingu and distributes it proportionally to all Pshare stakers who have staked their tokens in the (boardroom).

Pshare has a maximum supply of 50000 vested in 166 days.


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