Penpie (PNP) is the governance and revenue-sharing token of the Penpie platform, designed to provide Pendle Finance users with yield and veTokenomics boosting services. Here's how it is used:

1. Governance and Revenue Sharing: PNP is the native token of Penpie, with a total supply of 10 million tokens. It serves as the governance token, allowing holders to participate in decision-making processes and share in the revenue generated by the platform.

2. Locking and Voting: Users can lock their PNP tokens to receive Vote-Locked PNP (vlPNP) at a 1:1 ratio. This allows them to earn passive income and participate in Pendle Finance's governance, sharing the voting power accumulated from vePENDLE among vlPNP holders.

3. Unlocking Mechanism: Once locked, vlPNP enters a default lock-up status with an unlimited lock-up period. Users can initiate a 60-day cooldown period to unlock their tokens. During this time, they continue to earn passive income but cannot participate in voting. There is also an option to "Force Unlock" by paying a penalty fee.

4. Passive Income and Rewards: PNP holders can earn passive income and rewards for active user engagement by locking their tokens. The voting power accumulated by Penpie is shared among vlPNP holders, allowing them to vote on Pendle Finance and earn additional rewards.

5. Integration with Pendle Finance: Penpie focuses on locking PENDLE tokens to obtain governance rights and enhanced yield benefits within Pendle Finance. This integration allows users to maximize returns on their investments and monetize their governance power.

In summary, PNP is used for governance, revenue sharing, and passive income generation within the Penpie ecosystem, which is closely integrated with Pendle Finance.

To store Penpie (PNP) tokens, you have several options based on your needs and preferences. Here are the main methods:

Holding your Penpie (PNP) tokens on an exchange provides convenient access to various investment products and features, such as spot and futures trading, staking, and lending. The exchange securely holds your funds, making it a straightforward option. However, keep in mind that exchanges are centralized and may be vulnerable to security breaches.

Cold wallets are offline storage solutions that offer high security. There are two types of cold wallets: hardware and paper wallets. These wallets are not connected to the internet, reducing the risk of hacking and unauthorized access. This method is considered the safest way to store your tokens.

You can also store your Penpie (PNP) tokens in a crypto wallet. These wallets can be web-based, mobile apps, or browser extensions. Make sure to choose a reliable and reputable wallet that supports Penpie (PNP). When using a crypto wallet, you maintain full custody of your assets and can manage them directly.

If you prefer a decentralized approach, you can use self-custodial wallets. These wallets allow you to maintain control over your assets while still providing a secure storage solution. This method is ideal for users who value privacy and want to avoid intermediaries.

Ultimately, the best method for storing Penpie (PNP) tokens depends on your individual needs and preferences. It is essential to weigh the pros and cons of each option and choose the one that best fits your investment strategy.

To buy Penpie (PNP) tokens, you can follow these steps:

1. Choose a Wallet or Exchange:

   • Crypto Wallet: Select a reliable and reputable crypto wallet that supports Penpie (PNP). Download the wallet application, create a new wallet address, and ensure you have a secure seed phrase. You can buy PNP directly through the wallet or first purchase a popular cryptocurrency like USDT and then exchange it for PNP.
   • Centralized Exchange (CEX): Choose a trustworthy CEX that supports PNP purchases. Create an account, enable 2FA, and complete KYC verification. Add a payment method, and then you can buy PNP using fiat currency or by exchanging another cryptocurrency.

2. Verify Your Identity:

   • Complete KYC verification on the CEX, which may require varying information based on your nationality and region.

3. Add a Payment Method:

• Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.

4. Buy Penpie (PNP):

   • Use your added payment method to buy PNP directly with fiat currency if supported. Alternatively, you can first buy a popular cryptocurrency like USDT and then exchange it for PNP.

5. Store Your Tokens:

   • For long-term storage, consider using a "cold wallet" like a paper wallet or a hardware cold wallet for enhanced security.

By following these steps, you can securely purchase and manage your Penpie (PNP) tokens.