Introducing PINKPANDA for Binance Smart Chain

PinkPandaDefi
5 min readMay 28, 2021

Wow, what a ride. BSC has rocketed into prominence, bringing decentralized finance (DeFi) to a truly inspiring number of people. But its tooling is lacking, to say the least. Sophisticated DEXs that support everything from limit orders to cross-margined spot trading simply don’t exist, and the few lackluster platforms around get exploited on a sadly regular basis.

We’re not claiming to invent the wheel. But we’re a seasoned, hardened group of developers who are confident in our ability to bring the polished platforms pioneered on Ethereum and Solana to BSC.

Powerful Use Case

We plan on creating a non-custodial, fully on-chain, mobile-first decentralized exchange (DEX) that supports up to 5x margin/leverage trading — all with a seamless, centralized-exchange feel. This would be revolutionary enough to immediately capture a large portion of the trading activity on BSC. We have no interest in reinventing the wheel; our design is very much inspired by other on-chain spot margin trading protocols, in particular Solana’s Mango Markets and Ethereum’s Aave. We will bring these innovations to BSC.

We have a comprehensive technical roadmap, early stages are well defined and milestone based, and the deeper roadmap has strategic guideposts in place. Put simply, we’re here to stay.

Technology Roadmap

Our marketing may be whimsical — but we are serious about our tech. While we’ve solved the architecture of leveraged decentralized trading, it will take a strong investment in development. Accordingly we’ve laid out the following milestones to maximize user and token-holder value:

  1. Launch a mobile app that supports real-time, performant monitoring of the BSC blockchain
  2. Launch a suite of community-oriented features
  3. Integrate a secure non-custodial wallet into the mobile app, with native and elegant support for Pancakeswap — this must be audited.
  4. Deploy orderbook smart contracts to BSC testnet
  5. Deploy lending pool smart contracts to BSC testnet
  6. Create a liquidator bot and encourage community members to run it

Deep investment in community

We take our investors’ confidence and trust very seriously. Our founder is an experienced leader, and he has been doxxed, meaning he is putting his public reputation on the line. Our contract’s ownership will be immediately renounced and the LP funds in Pancakeswap will be immediately locked.

Pink Panda is also “taxed” — meaning every buy or sell transaction takes a 10% fee. Half this fee is automatically returned to existing wallets, rewarding those with long term investment objectives, the other half is automatically locked into the liquidity pool. There’s a tremendous strength in a united community believing in the potential of a common goal.

What inspires you?

We asked ourselves that — and we all came up with different answers. Eventually we decided that as our tiny panda community grew — we agreed the community would decide first. Until the tech is implemented for voting capabilities we chose to start with cancer for a number of reasons — primarily because it touches so many. Later we will hand these decisions off to the community and the panda army will decide.

We will have weekly donations based on the charity wallet growth and corresponding market cap. We will also have several larger “milestone donations” on achieving certain market cap goals. The charities for the first several cycles will be announced by PINKPANDA, then when we transition to mobile app voting, the community will decide.

Tokenomics 💲

🔥 Total Supply 🔥

1 Quadrillion $PINKPANDA (1,000,000,000,000,000)

💰 Presale Price and Listing Price are the exact same, for maximum fairness in launch 💰

⚡️ Token Breakdown ⚡️

20% Presale — 200T

20% Initial Liquidity — 200T

50% Burnt — 500T

5% Charity and Airdrop wallet — charitable contributions, community airdrops — 50T

5% Dev and Marketing — development expenses, sustained marketing — 50T

🍭 Taxes 🍭

Panda Sanctuary Tax — 5% of each transaction auto-locked in liquidity on PancakeSwap

Bamboo Treat Tax — 5% of each transaction redistributed to all PINKPANDA holders

The liquidity pool will be locked after the completion of the presale.

The Whitelist ✏️

The PINKPANDA whitelist has launched we have 40 spaces available with a 1BNB cap per spot! Join our telegram to get in on the lottery while it’s still running.

It should be noted that with a slightly higher amount of whitelist spots than spaces, there is a small chance that some whitelisted addresses may get left out, but we don’t want the launch to be held hostage by whitelisters not participating.

The hardcap for the raise will be 40 BNB and will be filled on a first come, first served basis by whitelisted addresses. The form to participate in the whitelist LOTTERY will be posted in Telegram and on Twitter. In order to participate in the lottery and earn a chance to get picked for the WL, community members need to complete the tasks as detailed in the Telegram announcement. Any questions can be asked in our official Telegram (link below) and we will be happy to answer them!

Official Links 🔗

Telegram: https://t.me/PinkPandaDefi

Website: https//www.pinkpanda.finance

Twitter: https://twitter.com/pinkpandadef

All other official social media links: https://linktr.ee/pinkpandafinance

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PinkPandaDefi

$PINKPANDA is a yield-generating cryptocurrency with a charitable twist, building a sophisticated leveraged DEX for the BSC community.