Panda Token: First Ever Performance Report! 🐼

4 months ago (Edited)

Panda-X is a Hive Blockchain delegation service designed to provide a stable and rewarding experience. We work to promote a sustainable ecosystem of organic curation and we are committed to key elements like delegation rewards, token buy-back and burn, with compounding funds and strategic investments.

It's time for a deep dive behind the scenes of Panda Token. What if I told you the project is working exactly as planned? I know, you might not take my word for it, but hey, the math doesn't lie, does it? Right? Right?

If you're still living under a rock and don't know what Panda Token is, don't worry, I’m not here to explain it. Just head over to our website: https://panda-x.io/ and catch up!

Since taking in all the details at once might be overwhelming, I'll break it down into smaller, digestible chunks for you.

@ panda-burn

Burn fund is the easiest to digest, so let’s start with it.

How does the burn fund get money?

The @panda-burn account gets 10% of @pandex curation rewards. Yes, it’s like a little panda tax for a greater cause.

How does it use the money?

It buys $PandaMiner tokens, which increases the mining difficulty for $Panda tokens. Why? Because Panda tokens have a fixed weekly inflation of 1,000 tokens. These miners then mine $Panda tokens, and in a plot twist, send them to @null to be burned forever. 🔥

Current Stats?

398.521 $PandaMiner Staked = $117.95
38.103 $PandaMiner Incoming (Recently Purchased) = $11.27
Burned = 30.0975 $Panda = $4.238 🔥
Unstaking to Burn = 33.331 $Panda = $4.256 🔥

Every burned token makes Panda a little rarer and more special. Curious? Check out the burn stats here: View Burn Stats

Compound Fund

The Compound Fund consists of multiple accounts, so let’s dive into it.

How does the burn fund get money?

The Compound Fund gets 10% of @pandex curation rewards. It’s like a little panda investment for growing even more. 📈

How does it use the money?

It allocates the funds in a predefined manner to @panda-bro, @panda-dbond, @panda-eds, @panda-hbd, and @panda-workerbee.

Current Stats of Compound Fund HP?

@panda-bro = 122.165 HP = $33.76
@panda-dbond = 58.793 HP = $16.25
@panda-eds = 234.149 HP = $64.71

Total HP in Compound Fund = 415.108 HP = $114.72

Additional Current Stats?

0.581 $BRO = $1.057
0.686 $DBOND = $0.190
0.253 $DAB = $0.105
3.894 $EDSI (EDS discontinued and changed to EDSI) = $2.15 💭
23.203 $HBD = $22.822
13.29 $WORKERBEE = $6.797
19.173 SWAP.HIVE (Workerbee open order= 12.766) = $5.306

Total: $38.427

Mining Difficulty Analysis

The $Panda token is minted at a fixed rate of 1,000 tokens per week. This steady issuance ensures a predictable supply for the ecosystem.

The graph above illustrates the $Panda Token Mining Difficulty over the last three months. Mining difficulty is determined by the total HP (Hive Power) delegated to @pandex.

In recent months, we observed a decline in mining difficulty, suggesting reduced delegation.

However, with the introduction of initiatives like @panda-burn and the Compound Fund, the mining difficulty is expected to rise over time. These mechanisms aim to:

Incentivize higher delegation,
Create scarcity through token burns,
Enhance long-term sustainability and value growth.

Dividend Update?

Currently, there are 19,969 $Panda tokens in circulation, with 30.0975 tokens burned and 33.331 tokens awaiting burn.

Now, let's talk numbers:

19,936.572 $PANDA tokens are backed by:

$129.22 in @panda-burn
$114.72 in Compound Fund HP
$38.427 in an Additional Compound Fund

Total backing: $282.367

So, the math goes like this: 19,936.572 $PANDA tokens are backed by $282.367, which means each Panda token has a TVL (Total Value Locked) of $0.0142. Meanwhile, the current price is $0.134.

But hold your horses, when are the dividends coming?

Here’s the deal: Out of all these funds (from curation fees), only $38.427 are being used for dividends. The kicker? These funds aren't exactly raking in attractive dividends. Half of the earnings are reinvested to grow the pie, while the other half is distributed as dividends (currently). Right now, we’re working with crumbs for dividends. But hold on, there’s a plot twist!

IMPORTANT NOTICE

Dividends Just Got a Boost

We’re now allocating 5% of the panda-burn fund directly to Panda Token stakers as dividends. Yes, you read that right, hive drops for $Panda token stakers!

Smarter Burning, Bigger Impact

Another 5% of the panda-burn fund will be used to buy back Panda Tokens straight from the market and burn them. No more going through the whole Panda Token miner detour.

Reinvestment with a Purpose

The remaining 10% stays invested in Compound, and any returns (however tiny) will continue to fuel the panda-burn fund until the token supply shrinks further. Slow and steady wins the race!

Why It Matters

All buyback and burn amounts (when buying) will remain lower than the TVL per Panda Token, which in the long term:

Increases dividends per token.
Boosts TVL per Panda Token.

Patience pays, and so will your Panda Tokens.

panda pandatoken report hl-blog hl hivelearners leofinance inleo leo performance

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15 comments

@indiaunited 68

4 months ago

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

_{100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.}

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@pandex 45

4 months ago

https://images.hive.blog/DQmea7cHGShhCdBrr3ocJ9H2VYs8QjKXHYUh8Rva3opuZxW/Curated_by_Pandex_banner_20240617_190332_0000.webp

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@peeyush 52

4 months ago

🫶🫶🫶

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@dlmmqb 73

4 months ago

🐼 💕

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@stayoutoftherz 79

4 months ago (Edited)

So app. 20K PANDA are in circulation and 1000 each week are issued - that´s an insane inflation of >200%!
How many were burned in the last month, just 1.4? Honestly?

Why should one delegate and get only 70% of the curation rewards distributed, while if he would otherwise just get 100%?

Also, the PANDA token is extremely illiquid, no buyers at all. So impossible to sell! What´s the point of delegating if the rewards instead of HP are paid out in a completely illiquid dubios token?

@lazy-panda, are you aware about this?

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@dlmmqb 73

4 months ago (Edited)

398.521 $PandaMiner Staked = $117.95
38.103 $PandaMiner Incoming (Recently Purchased) = $11.27

Let's revisit these.

panda-burn:

(Changed few things in its model as explained in post but till now it was as explained, read above about changes)

PandaMiner is backed by HP and it gets delegated to pandex account. Any panda token that gets mined this way r burned (reference to panda-burn account).

How many were burned in the last month, just 1.4? Honestly?

33.331 were getting unstaked for the burn as written in post above.

Also, burning model is switched from PandaMiner to direct burns. You might notice an increase in burns.

1.4

This is an incorrect way to count burns for last month as you can see we bought 38.103 miners recently:

https://hivehub.dev/tx/9b0764c7d1a97ba5f9f904b4d65e4d4da237eac1

Why should one delegate

It gets harder to mine panda tokens as it's based on total HP delegated. Also, dividends per panda tokens increase while burnings increase as well. Less tokens and more dividends.
It's a way for anyone who wanna leverage L2 investments without exposing themselves to L2. Most of our investments in L2 are also HP backed so even if edsi, brofi, and dbond/dab gets rug pulled, our principle amount will be SAFU.

if the rewards instead of HP are paid out in a completely illiquid dubios token?

~~COMPLETELY~~
70% are backed back in hive.
10% for burn
10% for TVL per panda (compound funds)
10% for active management team

And ANOTHER EXTRA drop of 1000 panda tokens per week each week. This also pays dividends, appreciate in value and. token burns supported by compound fund and burn fund.

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@stayoutoftherz 79

4 months ago

Thanks for you reply!

The 1.4 burned is from the source you mentioned, so why incorrect?
The token is completely illiquid, if there is NO buy offer
It is 70%, if the missing 30% ever can be compensated by the somewhat obscure tecenomic is a huge question mark!

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@dlmmqb 73

4 months ago (Edited)

The 1.4 burned is from the source you mentioned, so why incorrect?

Please differentiate between that we were burning through buying panda token miners.
And it's minted panda gets burned.

https://hivehub.dev/tx/9b0764c7d1a97ba5f9f904b4d65e4d4da237eac1

Here is more information about it:

All You Need To Know About $PANDAMINER

https://peakd.com/panda-x/@panda-x/dollarpanda-and-dollarpandaminer-token-launch-or-announcement

The token is completely illiquid, if there is NO buy offer

This is why we recently changed burn model so we can offer more and better buy back and burn wall. It's just a temporary issue that will be fixed.
Check @panda-burn account to know how much we can provide as buy back wall. It still has good tokenomics to provide continuous buy walls.

if the missing 30% ever can be compensated by the somewhat obscure tecenomic is a huge question mark!

Keep in mind that there r curation projects that offer 80% of curation returns as well. Pandex gives 70% while also offer much more benefits in long run.

Check out our "compound fund" accounts to have a look if

$114.72 in Compound Fund HP
$38.427 in an Additional Compound Fund

Justifies token supply and it's price.

Panda token was marketed as a long term investment option. Please observe it for few more months to see it's true colours. Or see how much we compound on weekly bases.

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@bpcvoter1 -11

4 months ago

!LOL !DOOK !PGM !BBH !LUV !BEER !PIZZA !WRD
You talk to yourself with your alt accounts, which is a clear sign that you need help. Even the people you speak to have said that you need help, but they're too afraid to say it to your face in fear of being downvoted.
You're inflicting harm on others, and it's time for you to take responsibility for your actions Stop the abuse on Hive and get the help you need.
Understand you're not just hurting individuals, but you're also killing Hive with your abuse LOL, we have exposed you and the Buildawhale farm scam.
You've used your downvotes to abuse people on Hive for years, and it's clear that you did the same thing on Steemit transactions don't lie people do people like you.
What are you burning LOL let's not forget that the supply of Hive is unlimited LOL, so you're not even contributing to the scarcity of the token. All you do is make curation rewards and make our votes worth less.

You're not interested in building Hive, but rather in profiting from Hive and abusing Hive and hivers you are sad.

Panda Token: First Ever Performance Report! 🐼

@ panda-burn

Compound Fund

Mining Difficulty Analysis

Dividend Update?

IMPORTANT NOTICE

Why It Matters

Love what you're doing! 💖