The PNDA Token

PNDA is an BEP-20 deflationary token designed to burn & facilitate decentralized governance over the Panda ecosystem. An initial supply of 10,000,000 PNDA will be minted, and our contract does not permit for minting after deployment.

Of the 10,000,000 PNDA - 5,000,000 (50%) will be allocated to the Ecosystem fund, 1,000,000 (10%) will be allocated towards Marketing and Expansion, 1,000,000 (10%) will be allocated to the Team and vested over the next five months, and 1,000,000 (10%) will be allocated to the Staking and Rewards Pool and the remaining 2,000,000 (20%) tokens will be burnt.

PNDA will be used to put forward proposals on the future of Panda, and vote on those proposals. Token holders will be able to delegate their tokens to other token holders whose proposals they support. This will allow token holders with less than the 1% total tokens to still participate in the drafting and submitting of proposals for review. In addition to the 1% total PNDA supply required to submit a proposal, a minimum of 2.5% total PNDA supply is required to vote yes on a proposal for quorum.

As the community takes control of the Panda governance, there are many other possible utilities for PNDA. At the moment, we are considering redistributed transaction fees as a possible avenue for increased utility. This would give token holders the ability to share in the revenue of Project-Panda, and benefit directly from the outcomes of governance proposals.

Another use case is staking LP tokens from the PNDA - BNB Exchange pair. After successful community build up we will be providing liquidity to create a PNDA - BNB token pair on Exchange.

To reward token holders for locking their tokens, we are considering giving token rewards for staking PNDA - BNB liquidity provider tokens in our contract. This will allow token holders to maintain and grow their share of the Panda community allocation, while simultaneously reducing the supply of PNDA in the market.