Yay, it's PANDA week!!!
We are still celebrating the launch of the $PANDA and $PANDAMINER tokens, and we would like to host a 7-day competition with amazing prizes shared with the winners; I hope to be among them.
This is the second question I have attempted in this PANDA week
What is your overview of $PANDA & $PANDAMINER tokens? Also, what are your thoughts on the tokens in the long term?
This particular question is very demanding and broad, requiring a careful and detailed response. There are many things to understand and consider when it comes to cryptocurrency tokens, whether they are staked, bought, or invested.
General overview of these tokens:
$PANDA
To begin with, a $PANDA token is easily obtained by an investor who delegates HP-Hive power to the @pandex account. The amount of HP delegated is of the user's choice. For example, I delegated 250 HP to @pandex. When the total PANDA is fixed, it will be distributed among the delegators and the stakeholders will be rewarded due to their consistent engagement or involvement.
PANDA
- Total Supply: 960000
- Each Week Max Mint: 1000
- Unstaking Period: 7 Days, 1 Txn
- Reward For Staking: Ever Growing & Lasting *Dividends From Panda-X Compounding Funds
Source
$PANDAMINER
$PANDAMINER token is an investment option for those who seek to invest. It is sold in tranches depending on the structural plan and it can be bought with #Hive. When once you invest, you will start receiving your $PANDAMINER tokens.
PANDAMINER
- Total Supply: 1000000
- Mint Based on Demand
- Unstaking Period: 14 Days, 2 Txn
- Reward For Staking: PANDA Token, Curation Reward as Dividends & Ever Growing Uprising Potential Of Each PANDAMINER Backing Price.
Source
However, before we delve into indulging in a particular thing, there must be a goal or goals for choosing that thing, knowing fully well that at the end of participating or investing your money in these tokens, the results will be tangible.
Let's check out the goals of $PANDA and $PANDAMINER Tokens differently, both are not serving the same assignment.
What could be the goals of delegating my HP to @pandex and the goals of investing in $PANDAMINER
The goals of $PANDA Tokens
Trading and liquidity
PANDA tokens can be traded as every other token within the ecosystem of Hive, granting access to the users to purchase and be delegated for the support of the community, which users can also enjoy the liquidity aspect of.
Community engagement
This is the main purpose of $PANDA tokens. It can be used to incentivize or distribute rewards to the members of the community for their support, engagement, and participation in the featured contest of the week, commenting, and other things within the confide of the Hive Blockchain.
Tokens holders
$PANDA tokens is a decentralized project on Hive Blockchain that gives users access to become token holders which comes with a direct governance with decision-making power to influence the directives of the community.
The Goals of $PANDAMINER Tokens
Passive income
Buying $PANDAMINER tokens allows investors or buyers to earn passive income and is one of the outstanding tools for investing in $PANDAMINER depending on the mining activities conducted.
Staking pool
Investors can earn their rewards by compounding their tokens over time.
Trading
$PANDAMINER can be traded, on the Hive ecosystem, allowing investors to buy, sell, and swap their tokens for liquidity preference.
In everything we do, some strengths and weaknesses are required. Even human beings have strengths and weak points in their journey through life. Now we need to consider the weaknesses of things and scale through them if we would be able to contend with them or bear it to the end. Let's check out the weaknesses of these tokens.
Weaknesses
Price fluctuations
At times, we would not be able to predict the price of tokens related to cryptocurrency. And if these tokens are not well-strategized, organized, or mechanized, a lot of people will lose their investment. I'm writing out of experience. I had a time when I powered down my HP and invested in #GLX under #splinterlands. The price was at the normal rate, and I could buy and sell, but all of a sudden, the price was reduced to nothing; it wasn't saleable, and I'm hearing no information about it again.
My thoughts on the tokens in the long term
Wow, my thoughts on these tokens are positive, and I can tell you that these tokens can be in the long term if well-structured, but let's place the weaknesses first and do something about them before they disorganize the system of the tokens to nothing.
Overall, this project is a wonderful one to help the Hive ecosystem grow in the totality of other Blockchains.
This post is in response to the launching of $PANDA and $PANDAMINER Tokens this week
This is the Panda-X Official Website: https://panda-x.io/
Thank you for reading through.
I love, I care, and I forgive
I remain @peckypeace