PENG Coin is a cryptocurrency that aims to make charitable transactions more sustainable and cost-effective. By utilizing the safety, decentralization, and convenience that blockchain infrastructure provides, PENG Coin ensures donations go directly to the actual causes rather than through middlemen. PENG Coin integrates features from several other cryptocurrencies, as it is built on PIVX, DASH & DigiByte source code to provide a built-in governance system, a masternode network, low-to-zero costs and fast block times. PENG Coin incentivizes the network through a sustainable Proof-of-Stake consensus algorithm with sensible block rewards.

Although 'PENG' was the ticker assigned at the deployment of the PENG Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'PENGCOIN' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.