About Panda Defi
Panda Defi DAO seeks to reduce the control centralized organizations have over information, and instead put personal data into the hands of the people. Panda DAO also aims to produce tools for DAOs, allowing more individuals to work full-time for this new type of organization. Panda DAO is more than just a decentralized media organization. Panda DAO is developing new decentralized data systems and liberating internet products and human resources from Web2.
Panda DAO has been community-managed since the beginning and now continues this path by decentralizing all authority over the treasury. Token holders own 100% of the treasury assets. This white paper was created with the purpose of establishing ground rules which will discipline evildoers and motivate the contributors in the DAO. Elections will occur in cycles, keeping the power of project initiators or evildoers in check. The white paper also defines the proposal process, review steps, and voting weights, which enable managers and workers to hear the voice of everyone in the community.
Quick Fact About Panda Defi
| Coin Basic | Information |
|---|---|
| DEFI Coin Name | Panda Defi |
| Marketing | 3% |
| Circulating Supply | N/A |
| Token symbol | PANDA |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To Visit |
| Twitter Group | Click Here To Visit Telegram Group |
| Documentation | Click Here To View |
| Official Project Website | Click Here To Visit Project Website |
Token Distribution and Economic Plans The initial token distribution of Panda DAO is shown below:
DAO Fundraising:
50% The Project Development Team: 12% (Linear releasing) The Content Auditing Team: 6% (Linear releasing) Leader: 4% (Linear releasing) Columnist: 6% (Linear releasing) Other Team Spending: 12% PeopleDAO Funding: 5% LP Pool: 5%
Distribution Distribution Linear releasing:
It is a 1-year cycle and 1/12 will be released on a monthly basis. Releasing expires after 1 year.
DAO Fundraising:
Panda DAO plans to raise 500 ETH on JuiceBox, of which 5% will be donated to the PeopleDAO community to credit their funding and support at the beginning of this project. PeopleDAO will use this donation to support more DAO ecosystems. All raised funding will be released at one time and there is no linear unlocking.
The sale price of the Token will be 1 ETH = 500,000 Token. After the fundraising period, Panda DAO will calculate and produce the corresponding token supply based on the funding we receive.
To ensure a fair sale, as well as to avoid Panda DAO’s tokens from being owned by a few people which could result in centralization, Panda DAO will close the funding channel 24 hours after the funding exceeds 500ETH. The token then will be minted and released.
The Project Development Team In the first phase, 12% of the Token will be released to the development team, in which 3% will be released to all developers and the remaining 9% will be distributed based on an internal vote (All votes will be published).
The Content Auditing Team The content auditing team will filter and make sense of large amounts of information. The identity of every auditor will be public in order to be transparent. Panda DAO plans to recruit more than 1K auditors who will use their spare time to contribute.
Every month Panda DAO will distribute Token rewards to auditors based on the auditing work they have accomplished and our analytical searching model.
The criteria include but are not limited to:
Columnist:
Panda DAO has not developed our own newsdesk at this moment. Panda DAO’s data is sourced from the internet publicly and provides a basis for articles. In order to reward the columnists, Panda DAO will pick hundreds of blogs, articles, videos, etc every month and then vote for them. Based on the weight of votes, Panda DAOwill provides Token rewards to each author. Panda DAO hopes to get more and more high-quality content with this approach.
Other Teams:
Beyond the Token distribution above, Panda DAO will also reserve tokens for other teams, such as operating teams and full-time partners. This part also belongs to the community treasury, and the specific case needs to be proposed by the community. Of course, the community can propose to use it in any way for non-team members.
LP POOL
In the beginning, Panda DAO will put 5% of Token in LP Pool to serve the market circulation and investors from the secondary market. The fee profit will get added to our treasury.
In order to reduce impermanent loss, the community will deposit in batches to ensure that ETH in the LP pool is less than 10% of the funding amount.
PeopleDAO Funding:
As an early funder and contributor, 5% of the Token will be given to the PeopleDAO community for their governance of subDAO. At the same time, this will bond the PeopleDAO and subDAO even more and create a community of interests.
