Question 1

What backs PENG?

Accepted Answer

PENG (Penguin Solutions • Robinhood Token) is backed by Tokenized public equity (1:1 backed).

Question 2

Can I trade PENG 24/7?

Accepted Answer

Yes — PENG trades on-chain 24/7/365, including weekends when traditional markets are closed.

Question 3

Is PENG permissionless to buy?

Accepted Answer

Partly — PENG trades permissionlessly on secondary DEX pools, but minting or redeeming directly with the issuer requires KYC / accredited-investor eligibility.