> For the complete documentation index, see [llms.txt](https://penana-1.gitbook.io/penana-guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://penana-1.gitbook.io/penana-guide/premium-publishing/what-is-pena-coin.md).

# What is Pena Coin?

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Pena Coin is the platform virtual currency of Penana. It is currently used in author publication sponsorships, creative writing contests, and other functions.

**Pena Coin's Functions:**&#x20;

1. Activate Publication Subscription Plan&#x20;
2. Creative Writing Contests time setting/extension&#x20;
3. Bounty Pool Contribution Creative writing contests&#x20;
4. Author Publication Sponsorships

Pena Coin’s application will be further developed to new Penana services and features in the future.

Pena Coin’s value is pegged to HKD at a ratio of 100:1 **(100 Pena Coins = 1 HKD or any currency equivalent)** to ensure a stable value. Authors need not worry about its fluctuation and can just keep on creating stories!

Pena Coins are discounted if you purchase in bulk!

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