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Aug 23, 2021

by Evan Luthra

Pandora Protocol Aiming to Solve Illiquidity in NFTs

By now, it is common knowledge that traditional finance is plagued with problems. Problems that have had the world looking for alternatives to the ways financial assets are transacted. It is in the search for this alternative that we have "stumbled" on decentralized finance (DeFi) and its technologies. While we may think we've found El Dorado in DeFi (I think we have), the industry also has some problems of its own.

With traditional finance, there are problems like privacy (a 2020 privacy study showed that 70% of the respondents believe that privacy is a very important material risk for financial firms), inflation, demand and supply, and time-value propositions. With decentralized finance, there are problems like user experience (UX) and user interface (UI) challenges on Web3 platforms, volatility, confidentiality, high transaction cost, mono-chain transactions, etc.

The non-fungible token (NFT) niche in DeFi—even though it's booming now—is also faced with some problems of its own. Illiquid NFTs, inefficient infrastructure, and data privacy are some problems the space faces and because the NFT ecosystem needs a decentralized P2P platform that is trust-less and assets can be tokenized and their authenticity validated at the same time, Pandora Finance has offered a solution; the Pandora Protocol.

Pandora Protocol

This is a decentralized, trustless, high-throughput, and interoperable protocol that provides a platform where real-world assets can be traded in a trustless and frictionless way via NFTs. Because the entire Pandora architecture is very modular, Developers can easily plug and play with the protocol. Some of the value propositions Pandora Protocol is offering are Liquidity to NFTs, Peer-to-peer on-chain exchange of both digital and real-world assets, trustless transactions, DAO government, Cross-chain transactions, Open finance, Open APIs amongst others.

Speaking about the platform, Pushkar Vohra, the Founder & CEO of Pandora Finance said, “We at Pandora have envisioned bridging the gap between on-chain and real-world assets via NFTs. Our team with driven forces is all geared up to revolutionize the NFT ecosystem by maximizing its potential and bringing liquidity to the world of latent illiquid assets.”

Pandora Stack

The Pandora Stack is made up of three layers:

1. The Pandora Chain: This is a self-sovereign and interoperable chain where any asset can be traded and tokenized. It can either be a Web2 or Web3 ecosystems like Polkadot, Ethereum, or any other chain.

2. The Pandora Software Development Kit (SDK): This would be a complete suite of all the features that can be plugged and played to any existing applications and it spins their functionalities. By simply integrating the SDK in their DApp, Developers can also create an application from scratch. With the SDK's help, a developer can

Create a market for NFTs

Buy, sell, lend or swap NFTs

Tokenize NFTs

Create new assets

Onboard any organization or employee

Bring liquidity from the Pandora ecosystem

Conduct relevant cross-check of an asset

3. The Pandora DApps: Built for users, this DApp will be used by those looking to tokenize their real-world assets and participate in the trading of those tokenized assets. There are already a few DApp getting built on Pandora. They are:

Kylyx — This is a marketplace where digital and real-world NFT assets can be tokenized and traded.

Box — This is where all the latest innovations on Pandora are listed. Some of these innovations would include dynamic pricing models, inbuilt validations, cross-chain transactions, reputation mechanisms, etc.

Kalel — This is a social token DApp that will be used to monetize skills that are built on Pandora Finance.

Pandora's Fundraising Round

In May, the team at Pandora Protocol announced it had completed the seed and private sale funding rounds with strong investment support from some of the industry's heavyweights. The firm raised a total of $2.4 million, during the seed and private rounds.

Some of the major investors in that round are Genesis Block, Protocol Ventures, Genblock, Chain Asset Capital, AU21, Spark Digital Assets, Master Ventures, x21, Exnetwork, NGC, Tokyo Ventures, A195, Magnus Capital, Amesten, Crypto Dorm Fund, and accredited individual investors like Danish Chaudhari (Bitcoin.com) and others.

The $PNDR

The $PNDR is the native utility token of Pandora Finance. The $PNDR token would primarily be used for the trading of different NFT assets on the Pandora ecosystem. In the future, the token might be used as a staking and governance infrastructure token in the upcoming DAO setting.

$PNDR details

Token Name: Pandora

Token Ticker: PNDR

Token Standard: ERC20

Maximum Supply: 100 Million PNDR

$PNDR Distribution Model

Public Sale: 1%

Strategic Reserve: 15%

Seed Investors: 7%

Early Supporters/Investors: 3%

Private Sale: 17%

Community Rewards: 39%

Team + Advisors : 18%

$PNDR distribution model

Token Allocation Details

1,071,430 PNDR tokens will be allocated for the Public Sale. This is fully diluted at TGE.

15,000,000 PNDR token is allocated for Strategic Reserve one month after TGE, then linearly over the next 15 months.

7,000,000 PNDR token is allocated for Seed investors out of which 7% is distributed at TGE, and then linearly every day over the next 18 months post one month after TGE.

3,000,000 PNDR token is allocated for Early Supporters out of which 7% will be distributed at TGE, then linearly daily over the next 18 months post one month after TGE.

17,000,000 PNDR token is allocated for Private Investors out of which 10% is given out at TGE, then linearly daily over the next 12 months post one month after TGE.

38,928,570 PNDR token is allocated to reward the Community for over 35 months. Allocation will be decided dynamically (initial unlock of 2.8%).

18,000,000 PNDR token is allocated for Team + Advisors. The distribution will start after 3 months, then quarterly over the next 22 months.

It is important to note that the supply sock is designed in such a way that there is less than 5% supply releasing post-TGE every month over 38 months.

Follow Pandora on:

Twitter — https://twitter.com/PandoraProtocol

Telegram — http://t.me/pandoraprotocol

LinkedIn — https://linkedin.com/company/pandoraprotocol

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

DeFi NFT Pandora Protocol Kylyx Pandora Finance Pushkar Vohra

Pandora Protocol Aiming to Solve Illiquidity in NFTs

Evan Luthra

Evan is a tech-obsessed thought-leader who has spoken at 100s of conferences around the world. He has extensive knowledge and experience in mobile apps and his company, EL Group International, has developed and delivered mobile apps for major Fortune 500 companies. He has also received an honorary Ph.D in Blockchain for the impact he has made in the industry from launching Blockchain Schools to Blockchain Coworking spaces and having spoken at 50+ Blockchain events. As a highly accredited Angel Investor, Evan believes in stepping out of his comfort zone and exploring the power of conceptualization, innovation and execution.