The Vote Power

Pengwyn BINC contributors holds distinct vote power in the platform's decision making structure. The vote power distribution among these contributors is designed as follows:

• 25% of the voting power is assigned to the Pengwyn Waddle NFT Collection.

• 5% of the voting power is assigned to the Pengwyn OG NFT Collection.

• 50% of the voting power is assigned to the $PNGWYN Token.

• 20% of the voting power is assigned to $CPNGWYN.

The voting power structure provided above represents the fully diluted version of contributor groups and specific assets. Some of these groups and assets are already in circulation, while others will be added to the circulation later in the process of creation. Therefore, specific vote power calculations are implemented when a contributor group and specific group asset is added to the supply. These calculations consider the unreleased vote power and distribute them among the contributors based on their respective holdings in Pengwyn BINC, excluding $CPNGWYN.

• The total vote power (%) of an asset group is calculated by the following formula: Released vote power of the asset group (in %) ÷ Total released vote power excluding CPNGWYN (in %) * Total share power excluding CPNGWYN (in %) * 100%

• The vote power (%) of an asset is calculated by the following formula: Total vote power of the asset group (in %) ÷ Total circulating supply of the asset group

This approach ensures that as more contributor groups and assets enter the market, the vote power per asset decreases, thus maintaining fairness in the distribution of voting influence while preserving the vote power among Pengwyn BINC contributors, excluding $CPNGWYN.