South Korea shares the recharging treasure

The Korean Depin project Piggycell recently started TGE and went online with the coin Alpha。

By Nicky, Foresight News

On October 28, the Korean shared recharging project, Piggycell, officially launched the TGE, whose tokens are PIGGY's currency Alpha and OKX's permanent contract market. The transaction data show that PIGGY ' s opening price from 28 days rose rapidly to US$1,178 and reached a high of US$ 2.724 on 29 days, with an increase of more than 130 per cent, which is now stable at fluctuations around US$2。

The project is currently at the top of the seven-day heat list of the DePIN plate in BNB Chain DappBay。

Project positioning

Piggycell is a shared recharging servicer with more than 95 per cent of the Korean market, deploying more than 14,000 charging stations across the country, operating more than 100,000 recharge units and owning 4 million paid users. The project combines the physical charging infrastructure with the currency economy through block-chain technology, positioning it as a combination of real-world assets (RWA) and the decentralised physical infrastructure network (DePIN)。

The core logic is "real access data uplink": to convert charging services into quantifiable digital assets by recording high-frequency data on user recharge, equipment operational status, etc. This model addresses information asymmetries in the traditional shared economy – users can see how their use translates into returns, and investors can track the actual operation of bottom assets。

The core model of the project consists of "charge-to-Earn" , which allows users to receive a token reward for renting a rechart, and "Dominate-to-Earn" , which allows holders to share the benefits of infrastructure through geographical equipment NFT。

SPECIFICALLY, “CHARGING OR MINING” ALLOWS USERS TO OBTAIN A PIGGY TOKEN INCENTIVE DIRECTLY BY BORROWING THE RECHARGING AND CHARGING IT ON TIME, CONVERTING DAILY CONSUMPTION INTO ASSET ACCUMULATION; “DOMINATING OR MINING” ALLOWS USERS TO PURCHASE NFTS THAT BIND PHYSICAL EQUIPMENT AND BECOME “SHAREHOLDERS” OF THE REGIONAL INFRASTRUCTURE TO SHARE THE PROCEEDS DERIVED FROM THE EQUIPMENT PROPORTIONATELY。

Financing background and team information

In February 2025, Piggycell announced the completion of $10 million in seed ship finance. Investors include institutions such as Animoca Brands, ICP HUBS, and traditional financial institutions such as the Korean-owned New Korea Financial Group and the Hanya Financial Group. DWF Labs also participated as an open partner。

Piggycell ' s core team is led by co-founder John Lee, who has extensive experience in Web2 infrastructure and has successfully operated South Korea ' s portable charging network, Chungjeondwaeji. With his impetus, the company succeeded in transforming itself from traditional Web2 operations to a Web3 platform。

Currency economics

Project tokens use a two-chain structure, 80 per cent are deployed in BNB Chain, 20 per cent in the ICP network。

THE TOTAL SUPPLY OF PIGNY IS 100 MILLION, WITH A RANGE OF DIMENSIONS ALLOCATED TO INSTITUTIONS, TEAMS, COMMUNITY INCENTIVES, ETC.: 10 PER CENT OF INSTITUTIONS, 7 PER CENT OF TEAMS, 10 PER CENT OF VAULTS, 25 PER CENT OF USER HOLDINGS, 20 PER CENT OF RECHARGE INCENTIVES, 10 PER CENT OF MISSION CHALLENGES, 10 PER CENT OF PARTNERS, 5 PER CENT OF LIQUIDITY, 3 PER CENT OF MARKETING. SOME 724.58 MILLION ARE CURRENTLY IN CIRCULATION。

Despite the strong performance of the currency market, community-based airdrops and Galxe incentives, reflecting the presence of Piggycell, have not yet been distributed, causing some attention from users。

User experience and future planning

Different from the complex operation of most Web3 applications, Piggycell maintains the ease of the Web2 level: a user scan can use a recharge, support local payment tools such as Kakao Pay, and return site-free. The fee is 1000 won per hour。

In the future, Piggycell plans to launch the "Energy as a Service" platform, which allows individuals or businesses to register, lease and distribute energy equipment (e.g. mobile power, wall-mounted chargers) and achieve automatic revenue distribution through smart contracts. In addition, the platform will explore carbon distribution lines and ESG compliance solutions to further expand RWA applications。