PandaCash: A Low Risk – High Reward No-Loss Lottery in DeFi Space

Decentralized Finance, DeFi in quick – the blockchain-driven revolution in the fintech area continues to seize the headlines. As platforms providing decentralized loans, insurance coverage and different monetary merchandise proceed to develop, the functions of such know-how in different trade verticals are an thrilling proposition. Making good of this chance is PandaCash, a Binance Smart Chain-based no-loss lottery system that makes use of RFI token mechanics to encouraging hodling of its native $PANDA token by the neighborhood. In return, it gives thrilling returns and rewards which is far increased than standard DeFi devices.

No-loss lottery is just not a brand new factor, because the idea has been round in conventional finance for fairly a while now. Also often known as Prize-linked Savings Account in banking jargon, these accounts divert a proportion of curiosity in any other case payable on deposits to a prize pool that funds the lottery payout to pick winners. PandaCash implements an identical idea, however in a extra rewarding style as the chance to win the lottery is in addition to static rewards generated primarily based on the transactions volumes and is mostly a lot increased than yields by way of standard DeFi farming or staking course of.

How does PandaCash work?

PandaCash is a DeFi challenge with no-loss lottery mechanism which executes on the spot distribution of revenues to $PANDA holders as and when generated. Created by a group of builders and crypto lovers, PandaCash permits token holders to earn rewards by doing nothing. Yes, that’s right. All they should do is maintain a minimum of $20 price of $PANDA and they’ll proceed incomes a share in the transaction charges collected all through the community. The periodic lottery is an added bonus the place one fortunate member of the neighborhood stands to win the grand prize — Tesla Model X vehicle.

The incentive mechanism on PandaCash is supported by its community price construction. The challenge has set in place a 10% redistribution price on liquidity throughout the community, which might be utilized to concern rewards, keep liquidity and fund the lottery pool. The lottery pockets collects 2% of all redistribution charges charged by the community and as soon as the pool hits the $100,000 mark, a fortunate draw might be carried out to select a winner at random. To guarantee transparency, the lottery draw is executed utilizing the Chainlink Verifiable Random Function (VRF) throughout a dwell broadcast on YouTube. In addition to the milestone-based lottery draw for the grand prize, PandaCash additionally conducts a biweekly draw the place the fortunate winners get to personal a brand-new PlayStation 5 console.

Maintaining Token Value

While PandaCash begins off with a most token provide of 100 trillion $PANDA, it has created an in-built mechanism that stabilizes the worth as adoption will increase. The challenge is beneficiant in terms of providing rewards and burning tokens to make sure long-term profitability for its neighborhood. With 50% of $PANDA in circulation, the challenge has a milestone-based burn program that’s linked on to market capitalization. As the market capitalization grows, the variety of tokens burnt may even enhance. In addition, 3% of every transaction on the PandaCash community deducted as a part of the redistribution price (30% of the charges) is channeled again to the liquidity pool and the LP tokens are burnt to make sure continued liquidity cycle whereas avoiding extra market provide of tokens as LP rewards.

Assured Decentralization and Security

The PandaCash neighborhood could be assured of the platform’s integrity and the equity of rewards distribution, in addition to the no-loss lottery, attracts as total codebase, and the sensible contracts are audited and authorized by Techrate.

In addition, the result of all fortunate attracts could be readily verified on the blockchain.

PandaCash is an revolutionary software of Reflect Finance mannequin that’s designed to supply greater than only a common DeFi answer. It gives a low-risk – excessive reward choice for the crypto neighborhood, particularly to these searching for long-term passive revenue era choices in the DeFi area.

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