Decentralized Club Ama with Pandora.
On the 26th of July, 2022 at 1:00 Pm UTC, Decentralized Club had the honor of hosting Serhii from Pandora for an Ask-Me-Anything session on their Telegram page with a community of over 80,000 people. It was hosted by DC Admin , Celeb
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what Pandora is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
Glad to be a guest here today!
We would be having 3 segments
Can we proceed
Sure, let’s start!
Let begin the introduction segment
1.Could you introduce about yourself? and Can you briefly describe Pandora with the dual-tokens model?
Pandora adopts the dual-token model that is both rewarding and deflationary. The governance token PSR has a relatively low total supply of 10 million tokens with a deflationary burning mechanism and anti-dumping tokenomics, while the reward token PAN is aimed at ensuring users are better incentivized for their participation in the protocol. Two-thirds of PAN’s emission is given out to users as rewards when they make transactions on Pandora’s exchange. With a low emission rate, PAN’s value is maintained over time.
The majority of total PSR supply is dedicated to community development (32%) and liquidity (10%), while another huge portion of its total supply is allocated to protocol development (15%) and ecosystem growth (15%). Only 15% of the total PSR supply is set aside for the team behind the project.
This quite a read here
How do you intend to drive ecosystem growth
We launched many marketing campaigns, and plan to only expand with new partnerships, connecting new communities and reaching a wider audience.
We have a masterplan for each month, which consists of many marketing activities.
And don’t forget that Pandora provides the best rewards on the AMA market, so the word is constantly being spread amongs the crypto space.
We have a lot in store for our users, so make sure to jump in!
Have you tried looking into regions for languages barriers
Wow this great
You put all this into considerations
We have a community for each major region on Discord as well :)
Please reply done when have fully answered a question
Let’s discover Pandora throughout Youtuber views!
2.What made us join Pandora without having to choose other AMMs?
- Pandora Users are guaranteed to make high profits from our reward system, stemming from: Trade Mining mechanism, Jackpot system and the NFT staking system that pays out daily in BUSD.
- A dual-token model that is both rewarding and deflationary, ensures the value of our tokens as well as our DEX.
- From the aforementioned rewarding system, users are promised economic stability and sustainable income (farmers get share from protocol’s revenue while traders earn accumulated rewards)
- One thing that sets Pandora different from other DEXs is our gamification elements. Using probabilistic system backed by Chainlink VRF, Pandora redefines decentralized finance, making it more exciting and attractive for anyone.
Quite an interesting read here
3.How did Pandora impress all crypto buddies? Could you update us the latest indicator on Pandora Dex? How to maximize earnings on Pandora?
On July 16, 2022, Pandora gave everyone impressive numbers:
🔸$4,27M Total Value Locked
🔸$117,08M Trading Volume
🔸$408,306 Jackpot Pool
🔸68,980 PSR Burned & 12,574,534 PAN Burned
Pandorans are a big motivation for us to be able to where right now. Stay with Pandora and help us build a better Defi ecosystem together!
We are pleased to provide an abundance of deals for your consideration. For example, increasing the daily PAN rewards distributed to our farms, new multiplier rate for token pairs, and Droidbot contest, etc. Users can make the most out of PSR and PAN token as they are constantly burned along Pandora’s progress. Don’t miss out our internal events to pump with Pandoran fellows and receive upto 10,000 PSR prizes. Make sure you follow our social media for latest update. Also, being an earlybird is a good way to grabs the best deals.
Can you explain what you mean by multiplier rate for token pairs
As there are newbies on this ama
And what you mean by anti dumping Tokenomics
Multiplier is often used by projects to increase the amount of rewards for users. The more it’s multiplied-the more boost Pandora provides besides the initial LP rewards.
You can read more details from our docs!
This quite a feat up there
Team did due justice
We only reserved 3% for the Public Sale round.
And there is a linear 2 year vesting for investors.
So there’s no way they can dump all their tokens at one point.
That a nice way to stop dumping from whales
4.Pandora droidbot collections are growing hype around the potential NFTs for Pandora! As I can see the community is interested in the droidbot collection and droidbot contest,How does Droidbot upgrade V2.0 have better advantages?
One of the most popular and distinctive offerring in Pandora’s lineup — Droidbot Upgrade — is about to get refined.
- Upgrade up to 10 DroidBots at once
- 100% success rate on all your upgrade
- Boarder mine power range for each DroidBot level
- Using a Material DroidBot of the lowest level for upgrade will still result in a higher — power DroidBot that’s capable of mining more staking rewards.
Last question for this segment
5.What advantages of PandoMarket
There are some advantages of Pandora here:
- Currently, three cryptocurrencies are accepted for payment on our platform: PSR, BUSD, and PAN.
- PandoMarket charges a commission fee of 5% of each transaction value, which is paid by the seller
- All the NFTs you have acquired are displayed on the Inventory page.
- Buyers can offer an individual price proposal via the option “Make offer” and sellers can either accept, ignore, or reject the offer
- The number of offers that can be submitted to the seller of an NFT is unlimited.
- Visit PandoMarket then click the “Manage Sales” tab, there you can easily keep track of all your active listings, offers to buy your NFTs, purchasing offers made by you, and all your previous purchases and sales if any.
Do you have rare NFTs and how can one have acess to this
We already did an NDT partnership with Alpaca Finance.
We also preparing rare NFT’s for our users that participated in certain activities
We are heavily commited to NFT’s, and will expand our PandoMarket greatly!
Let’s go on
The second segment
Twitter preselected questions by Pandora team
1. Pandora is the most rewarding DEX in the DeFi space.However being an exchange of digital assets, security is a fundamental pillar, as trust is important for traders. How’s Pandora guarantee its users that their investments & assets are safe and backed by the platform’s protocols?
The Pandora platform is SAFE, TRANSPARENT, TRUSTWORTHY, and USER-FRIENDLY for YOU.
Smart contracts of Pandora have been thoroughly audited by PeckShield — a leading blockchain security company.
The team at PeckShield found no major flaws and vulnerabilities in Pandora’s smart contracts, though they did identify some minor ones, which were then swiftly tackled by our team.
A Bug Bounty by Hacken is also available.
But this is not all from us yet, Pandora is committed to teaming up with many more reputable smart contract audit firms to ensure the safety of our exchange for all users.
This is all great here
Can you share your community links
Before we proceed to the last question of the segment
⚜️Stay in the know about what’s going on at Pandora:
Pandora DEX | Telegram Group | Telegram Channel DEX | Twitter | Facebook | Instagram | Discord | Reddit | Blog | Docs | Partnership | Medium | Telegram Group Launchpad | Telegram Channel Launchpad
Please everyone join up here
Let proceed to the last question
2 Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
- Pandora is a next-gen Decentralized Exchange with multiple incentives that ensure all users’ benefits: regular traders and farmers receive rewards for every transaction.
- Runs on a dual-token model that is both rewarding and deflationary.
- Pandora proudly is the highest paying DEX: BUSD pay-outs for NFT staking, rewards for mere swaps, and a jackpot system.
- An IDO Launchpad of fair distribution and comprehensive services for potential projects.
- Gradually transitioning to GameFi using our exclusive NFT system to create appealing gameplay where users can earn.
This great to note
Let move to the last segment
The live segment
Q.1 Hello 👋👋👋 Serhil
How can i get Pando tickets for Pandora jackpot?
You can either buy them, or get from opening PandoBoxes, or Upgrading DropidBots.
Anyone can win the big prize, so jump in and try your luck!
Q.2 How many team members do you have? Do they have enough experience in blockchain? Do they have experience working on crypto and non-crypto projects?
Pandora consists of over 50+ full-time workers.
We’ve all been in crypto before, and launched over 15 projects in the past.
On the security side, we’ve been thoroughly audited by PeckShield, and a bug bounty by HackenProof is still up!
Q.3 Can you elaborate more on the PandoraBoxes and the NFT staking in Pandora? What’s the reward pool for staking NFTs with Pandora?
NFT staking is one of our main features.
70% of the swap fee of Pandora(0.3%) goes directly to the reward pool.
Once you open a PandoBox, and get your unique NFT, you can stake it and earn daily BUSD rewards.
Number of PandoBoxes available is limited, and they will become more scarcer over time.
Also, once Pandora reaches a wider audience, the rewards pool shall increase.
We are also adding $2k to the pool daily.
It’s a great way to earn stable rewards, so jump in guys!
Do you have any concluding words for this ama
Before we call it a day
Thanks for this AMA, it’s been a pleasure.
Thanks to all guests here today.
Join the big Pandora family!
Thank you all
For your time
Website : https://bit.ly/3PPgcBm
Tg group : https://t.me/PandoraCommunity
Tg channel : https://t.me/PandoraDigitalNews
Twitter : https://twitter.com/Pandora_DEX
Facebook : https://www.facebook.com/PandoraDigital.DEX
Instagram : https://www.instagram.com/pandora_dex/
Discord : https://discord.gg/z7mpcJFfqG
Medium : https://medium.com/@pandora_digital/
Tg launchpad : https://t.me/Pandora_IDO
Tg launchpad channel : https://t.me/PandoraIDO