Introducing PNDR Token from Pandora Finance: Tokenomics and Distribution
Pandora is a hybrid Open Finance solution for the problems faced by both traditional finance and decentralised finance.
We envision the transaction of real-world assets on the trustless and decentralised platform in a borderless economy. Our scalable, interoperable, and high throughput infrastructure converts the illiquid state of NFT to the liquid state for both Real-world and digital assets.
By building thriving liquidity and a multi-chain ecosystem, our mission is to onboard the next wave of Asset owners into the on-chain ecosystem.
The team has devised the token distribution to be as fair as possible for all the stakeholders. We believe we managed to strike a balance between providing our partners and investors with a meaningful stake in the system and putting the future of the protocol in the hands of the community.
The native utility token of Pandora Finance is PNDR. The primary use case of the PNDR token would be the utility token for trading different NFT assets on the Pandora ecosystem. In the future, It may also be used as a governance and staking infrastructure token at the upcoming DAO infrastructure.
*Detailed article will be published explaining various ecosystem contribution roles*
Let’s find out the detailed breakdown of the PNDR token allocation and vesting process for each stakeholder.
PNDR Token Details
Token Name: Pandora
Token Ticker: PNDR
Token Standard: BEP20
Max Supply: 100 Million PNDR
- Early Supporters/Investors: 3%
- Seed Investors: 7%
- Private Sale: 17%
- Public Sale: 1%
- Community Rewards: 39%
- Strategic Reserve: 15%
- Team + Advisors : 18%
Token Emission Details
- 3,000,000 PNDR token is allocated for Early Supporters out of which 7% at TGE, then linearly daily over 18 months post one month after TGE
- 7,000,000 PNDR token is allocated for Seed investors out of which 7% at TGE, then linearly daily over 18 months post one month after TGE
- 17,000,000 PNDR token is allocated for Private Investors out of which 10% at TGE, then linearly daily over 12 months post one month after TGE
- 1,071,430 PNDR token is allocated for the Public Sale, out of which 33% diluted at TGE, rest in following two months equally.
- 38,928,570 PNDR token is allocated for Community Rewards with Over 35 months, emission to be decided dynamically (initial unlock 2.8%)
- 18,000,000 PNDR token is allocated for Team + Advisors with a 3-month cliff, then linear quarterly over 22 months.
- 15,000,000 PNDR token is allocated for Strategic Reserve with one month cliff, then linearly over 15 months.
Our beautiful supply sock is made in such a way that there is less than 5 % supply releasing post-TGE every month over 38 months.
About Pandora :
Pandora Protocol provides the platform where any real-world asset can be traded in a trustless and frictionless way via NFT. We are leveraging the existing blockchain infrastructure and building a middle-layer Pandora protocol on top of it. This middle-layer will help any real-world asset get tokenized in NFT, which can be traded globally anywhere.