Ping Observer (PING)
Unlock Schedule
Ping Observer (PING) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and distribution
PING has a stated total supply of 1 billion tokens. The project reports a zero-percent team allocation and describes the launch as open to participants paying through x402. Its published token details focus on the mint process and the use of collected USDC for Uniswap liquidity rather than on a schedule of future rewards or product-based emissions. (ping.observer)
A useful way to understand the economic model is to separate distribution from utility. The mint distributed tokens in exchange for small USDC payments. After the launch, holders could transfer PING or exchange it where supported. Those actions are features of a transferable token, but they do not give the holder a claim on x402, on Coinbase, or on revenue from websites that use x402. The project’s own description centers on meme culture and the payment experiment, not on token-gated services or voting rights. (ping.observer)
The fixed stated supply also does not mean every token must sit in an individual wallet. Tokens can be held in exchange pools as well as personal wallets. That distinction helps explain the role of the Uniswap liquidity arrangement: a pool lets people exchange assets through a smart contract, while a wallet balance represents tokens held at a particular address. (ping.observer)
Assumptions
PING's documented supply consists of a 500 million-token liquidity seed and up to 500 million tokens distributed through the public x402 mint. The chart dates the seed to contract deployment and groups the completed public mint into October 2025; that monthly grouping is an estimate, not a record of individual mint times. No separate vesting budget is documented in the cited project materials, and the cumulative amount burned could not be verified.
Allocations
Description
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Ping Observer is a decentralized analytics project behind the PING token, which runs on the x402 protocol—a system for fast, machine-to-machine digital payments, built on Coinbase’s Base blockchain. PING serves as a test that shows how machines can handle payments automatically, and the project also tracks activity data for the x402 network.
| Sector: | AI Agents |
| Blockchain: | Base |