Greetings Friends;
In this article I'm going to write about the progress and purpose of the Pandacoin(PND) project and I won't focus on its introduction, but I would like to mention that Pandacoin is an old cryptocurrency that aims to go beyond its limitations, in this case time. In its essence, lies the strength of wanting to grow and develop and, as incredible as it may seem, in addition to being a blockchain of its own, it also carries the magic of the memes we find today and with it the symbolism of the Panda. In its being, the Panda conveys the message associated with peace, kindness, good luck, harmony and a positive outlook on life. Concluding this short summary of the project, it has been on the market since 2014 and underwent changes in 2021 which consequently allowed the subject of my article and in this case the launch of Pandacoin-multiwallet-DEX which will expand the project and facilitate the involvement and handling of its funds and all those looking for ease, comfort and convenience.
Below I'll reflect on the possibilities of this launch and the development process that could help give the most beneficial direction to all those involved, be they developers or members. It's worth noting that this article is abstract and I won't be focusing on technical terms. If you're looking for specific information, I recommend you follow the links at the end of the article to find out more...
Pandacoin with its Multiwallet-DEX an Excellent Choice?
Before describing whether it's an excellent choice, the question we need to ask is whether the market is favorable to just one project and resolution, i.e. is the current market accepting the launch of several projects in the same segment?or is it looking for innovations, regardless of the technology but rather its continued use? I believe that the last option is sought by the vast majority of people who are looking for something new to invest in and optimize their finances and, above all, their time, which never goes back, and so optimizing it to make the most of life is the option of the vast majority of the population, correct? So now we can debate whether or not it's an excellent choice to have your own Dex... In my opinion and experience, the answer is yes... Why?
There's a market flow that we can't control, so there's an upswing and then there's a downswing, and unfortunately the fluctuating rates of centralized exchanges benefit from this and use all their influence to stay in this flow. I'm not saying that CEXs are bad, but that there are negative aspects that don't help the user in case of extreme need, and in this case, some examples:
- Total control of your funds,
- Control of your data and information
- Privacy and security (although they all promise security, the digital world is not completely safe)
Now control is in your hands...
The team is currently testing a new Pandacoin-multiwallet-DEX fork of the Komodo Wallet. The idea behind Pandancoin Dex is to take the best of Komodo Wallet and apply updates and variations of its own. Its base is secure and highly versatile, and over time it will support practically the entire market, but it is still in the development phase and the Beta phase. Its essence is to allow chain swapping through an integrated and fun DEX, allowing you to choose between different types of wallet and bringing the positive, and in this case the security, that you are looking for. It's worth noting that the Pandacoin(PND) DEX is non-custodial, so you can trade PND with peace of mind and without fear of losing your keys and private data, because in the DEX you never lose control of your funds and private keys(At least without third-party interference).
The user will have both simple and professional modes to help with their performance and trading style. On the exchange rates, Pandacoin-multiwallet-DEX will calculate the estimated rates for your exchange and enable the “Trade Now” button... Making it easier to interact immediately with the current market and its fluctuations.
Its interface is light and has a day and night option, making it easy to access for those in the dark or in a brighter place. Another important point is that the market changes in real time and the values of your funds will follow the natural variation of the market, delivering what we know as the current market. In practice, it's as if you were inside the market from your computer. Interesting, isn't it?
Access the pre-release versions:
Is the Future of Legacy(OGs) Blockchains Promising?
Adaptation is the word that can sum up the answer to this question and unfortunately or fortunately technology will always be advancing and as much as Blokchain technology is ahead of its time it tends to become obsolete without updates. There are several reasons for the Pandacoin team to consider launching its own Dex, but I believe the main reason is that time is passing and keeping up to date and being part of the needs of the moment with its own style is the key to the moment. So the future is welcome for everyone in crypto, but those who aren't adapted and up to date will tend to fall by the wayside.
On the other hand, the thinking must be internal and each developer must reflect on how their own project can benefit from a prosperous future, carrying all the essence of the past... but remembering that they will have to let go of all the mental and archaic locks they found themselves in a few years ago.
I believe that the developer of Pandacoin had this thought in mind and brought the possibility of control to everyone...
Pandacoin Specifications:
Coin
Name: Pandacoin
Symbol: PND
Algo: Hybrid PoS & PoW
For more information, I recommend you visit the official article where the developer covers it in the lightest and most technical way possible. Don't forget to join Discord to find out more and ask any questions you may have.
Acess: https://medium.com/@Pandacoin_PND/reminder-pandacoin-network-swap-on-may-17-8e125978d18d
Exchange
Pandacoin-multiwallet-DEX(Coming soon/In Beta Phase 0.8.2)
Conclusion
To conclude, this article was just a light reflection on the possibilities of Pandacoin's DEX, which is currently called “Pandacoin Multiwallet-DEX”, where its aim is to bring comfort to its users and take crypto adoption to a different level, just by using a DEX with strategic benefits when we need it. After all, we'd all like to have control of our funds and data, wouldn't we? That's what a DEX is all about... Decentralizing total control and putting the real power of running your own resources in the hands of each user, without worrying about security and privacy.
Therefore, I recommend that you follow the development of Dex until its launch, contributing in some way, be it in development, spreading the word or recommending it to your friends.
