Panda Dao is an incubator based on the Binance Smart Chain, which launches new products for the community and rewards them with ecosystem tokens. The platform's key objective is to build innovative DeFi products for BSC and support the community's launch of these products. The platform presently has four main products within its ecosystem, with new product lines to join the process soon to further expand the platform.
PDAO is the native token of the Panda Dao platform and serves many different utilities on the platform. This includes users trading within the Panda Dao ecosystem to apply a 5% fee, which gets redistributed to all holders of the PDAO token. Using this mechanism, holders may earn rewards without staking or interacting with smart contracts. In addition to being a governance and a utility token, PDAO is also a means for the community to exert control over the development of projects in the ecosystem.
According to the whitepaper, Panda Dao also has an NFT marketplace that offers a fully decentralized, easy-to-use interface for users to trade and mint NFTs. All Panda Dao launchpads are decentralized in nature. These launchpad platforms provide the community with the opportunity to participate in pre-sales. Furthermore, the fees generated from these launchpads are used to buy back the PDAO tokens from the market. This buy-back policy, in turn, helps to stabilize the value of the token and prevents the possibility of a 51% attack on the platform—thus, reflecting a sound operating structure within the Panda Dao ecosystem that allows users worldwide to participate on the platform.