> 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?

<figure><img src="https://2223054260-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdjTDWHRYhzW17ow2TYEU%2Fuploads%2FPc8SeiAcqEOFD5LBWvAz%2Fpenana_coin.png?alt=media&amp;token=89a70417-fb33-428c-9a06-5295b24b581c" alt=""><figcaption></figcaption></figure>

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!

<figure><img src="https://2223054260-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdjTDWHRYhzW17ow2TYEU%2Fuploads%2FfG3E86yFPBLpUf30enYB%2FScreen%20Shot%202023-03-05%20at%2016.56.04.png?alt=media&amp;token=71ab2425-b8d4-471b-ada5-9604fbe7e9b2" alt=""><figcaption></figcaption></figure>