Pando Coin (PANDO), the ERC-20 utility token of the Pando Ecosystem comprising Pando Browser, has been listed on Bittrex, a cryptocurrency exchange based in the United States, a press release on Jan 15 reveals.
The Pando Browser
PANDO is already listed at the MXC Exchange, where it is paired against Tether (USDT).
The token is based on the Pando Browser. The browser has in-built ad blocking capabilities and a free virtual private network (VPN).
It is a Web 3.0 browser with IPFS integration that the global company uses to realize its vision of a transparent internet that doesn’t relegate convenience and accessibility.
Besides its focus on privacy, security, and flexibility, it has also integrated data management tools.
For user convenience, there is an in-built wallet in the Pando browser. With this, holders of PANDO can send and receive funds.
According to Google Store data, Pando Browser has been downloaded over 100k times.
PANDO Mining and Tokenomics
The Pando Browser uses the Proof-of-Software (PoSW) mining consensus for minting PANDO and distributing rewards.
There are two billion PANDO as total supply. Out of this, 1.4 billion will be distributed to users that participate in PoSW mining in the next decade.
Pando Software’s South Korean developer team will allocate the remaining 600 million PANDO to marketing, research and development, and other protocol improvements as required.
Pando Software also introduced halving, adopting the same model as Bitcoin. Every two years, rewards earned will be halved. On average, a maximum of 1,003,584 PANDO tokens is minted every day.
There are a variety of ways through which users can receive the token. Depending on their login sessions, referral activity, and ad-watching, PANDO tokens can be distributed to users. This is possible because PoSW builds a network for node operations based on the operating system, mileages, and opt-in advertisement view time for reward distribution.
Watching Pando Browser advertisements is optional. Depending on the surfer’s needs, they can opt-out.
Pando Software Plans to List at NASDAQ
Jung Sang-Hun, the CEO of Pando Software, has said they plan to list the firm in the United States bourse, NASDAQ.
Through strategic partnerships and acquisition, they will, in the immediate term, aim to grow through product maximization and improvement of their brand visibility.
By acquiring a listed company in South Korea, they will open up an office in New York as they prepare for listing.
Pando Software’s decision to focus on the United States is when Binance, one of the largest global exchanges by users, exited the South Korean market citing low participation and liquidity.
Commenting, Jung said:
“We plan to use the Pando browser to focus not only on domestic services but also on overseas services. All employees are working following the 2021 Reporting and Use of Specific Financial Transaction Information Act (special law). At present, Seoul and Busan are only considering the cities of Daejeon, Daegu, Gwangju, Ulsan, and Pohang so that they can directly operate offline subscription counters.”
“We will gradually expand the unlimited range based on the Pando browser and use the platforms of Pando Software’s subsidiaries to become a company that challenges the new normal.”
Partnership with Pando Entertainment and DeFi Focus
Besides Pando Browser, Pando Software collaborated with Pando Entertainment plans to launch several products, including a decentralized exchange, Panex Exchange, and entertainment-oriented services.
The beta version of Pando Entertainment’s Pan Music was launched in December. However, they plan to launch the final version in February 2021. Pan Music is a music payment platform that sources copyright free sounds reducing costs.
Integrated within the Pando Wallet is the Panex Exchange that supports token swapping. The decentralized swapping protocol is modeled to function as a bank rather than a listing service to facilitate DeFi and the launch of reward programs.
According to a BTC PEERS report, DeFi is one of the fastest-growing subsets in cryptocurrency, whose tokens are now being considered by some investors. Coinbase, the San Francisco-based exchange, said it planned to list 18 DeFi governance tokens causing their prices to rise.
In the future, the Pando development team, as per their white paper, plans to activate services like gaming, staking, and dApp launching.