THE PENGUIN BEFORE THE CROWD
THEY CALLED THE COMPANYPAYWARDFIRST.
Built on Ink.

THE LORE
Before Ink. Before Kraken became one of crypto's most recognized exchanges. There was Payward.
Payward is the corporate name behind Kraken — part of the story that began in 2011.
More than a decade later, the Kraken ecosystem entered a new chapter with Ink: an Ethereum Layer 2 designed to bring finance onchain.
The name stayed behind the scenes.
Until now.
Meet Payward the Penguin. A community-created character connecting Kraken's roots with the new Ink era.

RESEARCH BOARD // FILE 001
THE PAPER TRAIL
- 2011
PAYWARD
The company behind Kraken begins its journey.
- 2013
KRAKEN
Kraken launches publicly and begins building one of crypto's longest-running exchanges.
- 2024
INK
The team behind Kraken launches Ink, an Ethereum Layer 2 built for onchain finance.
- NOW
PAYWARD RETURNS
Not as an exchange. As a PENGUIN.

EXHIBIT A — THE PENGUIN
MEET PAYWARD.
He was hiding in the paperwork for 15 years.
Now he's onchain.
- 01
OLD SCHOOL
Born from Kraken lore.
- 02
EARLY
Filed in 2011. Onchain now.
- 03
UNBOTHERED
Cold water. Colder stare.
$PAYWARD
One ticker. One penguin. No promises — just the oldest name in the room, back on a new chain.
TBA — DROPS AT LAUNCHFull details announced at launch. $PAYWARD is a meme token with no intrinsic value or expectation of financial return.
JOIN THE COLONY.
No roadmap. No promises. Just penguins, purple and a very old name.