Pink Panda x Satoshi Club AMA Recap from 11th of June

Pink Panda x Satoshi Club AMA Recap from 11th of June

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Pink Panda and our guest was @PapaPinkPanda and @hac42 – representatives of Pink Panda. The AMA took place on 11th of June.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

Gold Rocket | Satoshi Club:
Hello again, dear Satoshi Club community! We conclude our today’s AMA marathon series with Pink Panda. Today our guests are @PapaPinkPanda @hac42!🐼

😡 AngryPanda 😡 (will never DM you):
Hey everyone!

Papa Panda:
Hello all! So great to be here…

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @PapaPinkPanda @hac42!

Andrés M. | Satoshi Club:
Welcome, how are you guys?😃

😡 AngryPanda 😡 (will never DM you):
Not bad. Just woke up here, actually 🙂

Papa Panda:
I’m doing great…exciting times….

😡 AngryPanda 😡 (will never DM you):
How’re you doing?

Andrés M. | Satoshi Club:
We are great, a lot of Satoshiclubbers online for this AMA🥳

😡 AngryPanda 😡 (will never DM you):
Haha I love this sticker

Nice!

Gold Rocket | Satoshi Club:
Why are you angry Panda? 😁

Andrés M. | Satoshi Club:
Let’s begin with the AMA. Could you introduce yourself?

😡 AngryPanda 😡 (will never DM you):
Cuz I got rugged on my last investment before PinkPanda

Gold Rocket | Satoshi Club:
Well .. jokes aside😁

Papa Panda:
I’m Adam Carlton – the Founder/Bottle Washer…

Gold Rocket | Satoshi Club:
Introduce yourself please. How did you get to be involved in crypto & Pink Panda?

😡 AngryPanda 😡 (will never DM you):
Hey! I’m the lead dev for PinkPanda. I’m a long-time engineer and investor in the crypto world and have recently taken a strong interest in BSC due to its burgeoning success

Papa Panda:
I have been in the crypto space since 2011, first buying Bitcoin

Gold Rocket | Satoshi Club:
Making the right choice in crypto is the key to success 😉

Papa Panda:
I’ve been in consulting, technology and business – for over 20 years, and have a BS in Finance and MBA.

😡 AngryPanda 😡 (will never DM you):
I started to get involved in crypto because the tech is really cool and I’m into engineering, and after a while came to really appreciate the ideological goals of crypto as well. We’re trying to build cool tech and further those goals at the same time at PinkPanda

Gold Rocket | Satoshi Club:
Guys! You have a great background👍

😡 AngryPanda 😡 (will never DM you):
Thanks!

Andrés M. | Satoshi Club:
Yes, a great project begins with an experienced team. Great job😃

Gold Rocket | Satoshi Club:
What is the essence of Pink Panda?

😡 AngryPanda 😡 (will never DM you):
Sure, I’ll go first

😡 AngryPanda 😡 (will never DM you):
I think the essence is community. That’s why we decided to build a community before the tech is ready, why our tokenomics favor the everyday trader rather than VCs, and why the trading platform will offer sophisticated trading tools to retail traders that were previously only available to institutional ones

Gold Rocket | Satoshi Club:
Also we would like to know about your team. Who is on the project team core?

Papa Panda:
I’ll take this one – but here’s my essence answer

Papa Panda:
To me – it’s innovation and community linked together to drive a powerful use case with a strong ethical purpose. I’ve been involved with socially conscious networking groups for quite some time, as well as highly profitable business, and I really believe that we are moving to a model where people really want to be part of something unique.

Andrés M. | Satoshi Club:

How did you choose the name?

Andrés M. | Satoshi Club:

So, tokens provide governance to community?

Papa Panda:

So we have Angry Panda, Lead Dev, Happy Panda – Marketing Lead, Super Panda – Operations Lead, Forest Panda, DevOps/Infrastructure. Plus we have HackerPanda our Mobile Dev lead, a design team, and we just hired another Mobile Dev.

Gold Rocket | Satoshi Club:
Tell us about the benefits of your platform. How is it different from others?

😡 AngryPanda 😡 (will never DM you):

Haha I think one of us was like “well everyone likes pandas,” and then we chose pink because we’re fighting cancer too 🙂

Gold Rocket | Satoshi Club:
[ 🍹 Sticker ]

😡 AngryPanda 😡 (will never DM you):

It’s a utility token, not a governance token. Governance won’t be necessary since we plan on shipping an unalterable protocol with no ownership—we just write the software, and the protocol belongs to everyone

I think the main things are (a) offering up to 5x leverage with a very easy to use interface and (b) a nice mobile app because most people live on their phones these days

Gold Rocket | Satoshi Club:
Dream team!
Does it mean that there is a mobile app in the plans?
This is very important at a time when the mobile phone becomes a full-fledged working tool.

😡 AngryPanda 😡 (will never DM you):
Yup! In fact, we already released the first version of our mobile app. You can download it on iOS and Android right now 🙂

We decided to focus very heavily on being mobile-first, rather than be website-first like most other exchanges

Gold Rocket | Satoshi Club:
Thanks for the introduction, we will have a question selected for the Part 1. ready to start?

😡 AngryPanda 😡 (will never DM you):
Let me get those app links for you 🙂

Gold Rocket | Satoshi Club:
Give us a link, please🙏

😡 AngryPanda 😡 (will never DM you):
ios: https://apps.apple.com/app/pink-panda-defi/id1570002279
android: https://play.google.com/store/apps/details?id=finance.pinkpanda.mobile

This is just the initial release, after only a week of development 🙂

Sure!

Q1 from Telegram User @kimterbear
Cancer-focused charities are the main priority of Pink Panda due to personal reasons of Adam, the founder. I read that you will also move forward with having different causes and charities chosen by your community. How can I contribute to this cause as a part of the community? How can I do my part as a concerned adopter from the community? Where can we donate additional funds especially for the cause and for the insanely hardworkingly devoted and good hearted team of Pink Panda?

Gold Rocket | Satoshi Club:
Let’s test it! Satoshi Clubbers!🚀

😡 AngryPanda 😡 (will never DM you):
I’ll let Papa Panda take this one — I think he’s a slow typer tho lmao

Papa Panda:
Great question and this touches me – really… sorry I’m a slow typist so bear with me…

So please join our Telegram/Discord, we have SO MANY members getting involved in this. We absolutely are community driven and we want your support.

😡 AngryPanda 😡 (will never DM you):
The BEST thing you can do is just be active in our community! We’re on Telegram, Discord, Reddit, etc. 🙂

Papa Panda:
We will be enabling voting soon where the community will be able to help decide what charities to direct funds into, as well as run contests on sponsoring charities.

Gold Rocket | Satoshi Club:
Please share your links and media with us🐼

Andrés M. | Satoshi Club:
What quantity of tokens will be necessary to vote?

Papa Panda:
Anyone who holds a wallet will be able to vote on community votes – no minimum.

😡 AngryPanda 😡 (will never DM you):
https://solo.to/pinkpandadefi

https://t.me/PinkPandaDefi

Andrés M. | Satoshi Club:
So, whales will have more voting capacity?

😡 AngryPanda 😡 (will never DM you):
Nope! We’re working on a way to solve that! I’ll give you a sneak peak: each holder gets one vote, to combat whales, and we’ll prevent people from creating many wallets by only allowing one vote per phone! That’s much harder to game 🙂

Gold Rocket | Satoshi Club:
That sounds fair enough 😊

😡 AngryPanda 😡 (will never DM you):
We’re working for the community, not whales

Andrés M. | Satoshi Club:
Great strategy, happy to know that little investors will have opportunity as well 💪

😡 AngryPanda 😡 (will never DM you):
Yup!

Andrés M. | Satoshi Club:
Thank you very much for your answers. Would you like to add something before the next question?

Papa Panda:
I think we can keep going thank you!

Q2 from Telegram User @yellowchamp
In your Roadmap for Q4 2021,you plan for Cross Chain Exploration.So can you tell us what are those chain are you planning to explore with and to collaborate? Do you already have negotiation with other chain with regards to your exploration? In what way does this cross-chain planning will give good benefits to PinkPanda Defi network and to its community and investors? Thank you

Gold Rocket | Satoshi Club:
As the saying goes, who owns the cross chain owns the crypto world. 😉

😡 AngryPanda 😡 (will never DM you):
We’re planning on integrating with multiple already-existing cross-chain DEX to enable cross-chain swaps across MANY chains, rather than a particular one. We’re decentralized, so we don’t need to “negotiate” with other chains.

We believe that people will simply use PinkPanda rather than any other cross-chain DEX, since we will provide a superior interface to aggregate ALL of them. We will own the space, in other words.

Gold Rocket | Satoshi Club:
Great goals! 👍

Andrés M. | Satoshi Club:
Could you share us your roadmap? What else is coming?

😡 AngryPanda 😡 (will never DM you):
You can check out our roadmap at https://pinkpanda.finance/

Gold Rocket | Satoshi Club:
Thanks for sharing ☺️

Andrés M. | Satoshi Club:
I’m checking your tokenomics as well, why did you take the decision to burn 50% of tokens?

Papa Panda:
So one of the things I’m very interested in that isn’t on our roadmap is disruption in the banking space via interest bearing stable coins. Again, if we’re looking at mass market adoption, on a phone, not everyone is looking for 5X leveraged moonshots, some just want a simple 5-8% return on their everyday funds.

I believe there is space across all financial instruments, and we basically will want to prioritize where we feel like the mass market adoption has the most potential

Gold Rocket | Satoshi Club:
In your opinion what event influenced the project the most?

😡 AngryPanda 😡 (will never DM you):
The reason we did that was to ensure that the token is deflationary, which increases the value of our user’s holdings. 5% of every transaction is redistributed to holders, and the burn wallet is the largest holder—so about 2.5% of each transaction is burned!

Gold Rocket | Satoshi Club:
Thank you very much for the detailed answers!👍

😡 AngryPanda 😡 (will never DM you):
The sudden and dramatic success of BSC, which made us realize that that BSC has such a strong community but is lacking many sophisticated tooling. BSC built such a strong community so quickly, and we see an opportunity here to push mass adoption of crypto by giving BSC a really wonderful and sophisticated protocol.

Gold Rocket | Satoshi Club:
Thanks again! Can we proceed. Or you want to add something?

Papa Panda:
I’m also inspired by BSC being available to any socio economic class…going from $20 to $160 can be life changing in some parts of the world. Most of crypto is not accessible to many…

😡 AngryPanda 😡 (will never DM you):
We can proceed!

Q3 from Telegram User @victorogb
On the technical part, Pink Panda will adopt the on-chain spot margin trading protocol styles of Solana’s Mango Market and Ethereum’s Aave. Pink Panda hopes to combine the these two innovations into the BSC. Therefore, what necessitated the inspired adoption of these trading protocol types, and how will it’s functionality ensure best user experiences? Talking about Pink Panda’s lending pool which is quite similar to that of Aave, but with a slight variation in the way interests are earned, can you carefully explain the unique interest rate formula obtainable from the Pink Panda lending pool?

Gold Rocket | Satoshi Club:
It’s mesmerizing in crypto. you can instantly become either a millionaire 🤑or bankrupt 😜

😡 AngryPanda 😡 (will never DM you):
Well, we chose to borrow from the designs of those protocols because we believe that they’re very well built. And nothing like Mango Markets exists on BSC yet—or, tbh, any other chain other than Solana.

We tweaked the interest rate formula to fit PinkPanda’s usecase. Unlike Aave, users will be mostly using it for spot margin trading, rather than all-purpose lending. That’s faster-pace. So when the utilization ratio gets higher, it’s more important for more funds to be deposited quickly. So we designed the interest rate to increase quite quickly as the utilization ratio increases past a certain point.

Papa Panda:
Haha we really hope to avoid the latter 😀 We are launching soon education for our newbies, as we have a large influx of them…and will be building preventative measures into the app to help hedge/reduce risk where we can…

Andrés M. | Satoshi Club:
Btw, users need to now that their funds are safe, have you done audits or hackathons to increase the security of your project?

😡 AngryPanda 😡 (will never DM you):
Yes, we’re audited by Dessert Finance and more audits are on the way!

Gold Rocket | Satoshi Club:
Safety first👍

😡 AngryPanda 😡 (will never DM you):
Yup.

Gold Rocket | Satoshi Club:
Thanks for your answers! Ready to proceed to the next question?

Papa Panda:
Yep!

Q4 from Telegram User @imwiiw27
I seen the Roadmap of PinkPanda, and I don’t see that PinkPanda will have NFT in their project plan. nowadays We all know that NFTs has a big impact in crypto space. Every new project has planning about NFTs. Do you considered to have NFTs in your platform?

Papa Panda:
Not everything we are planning on doing is on our roadmap, we have a few surprises up our sleeves 😉

Gold Rocket | Satoshi Club:
Today, NFT is part of the mass adoption of crypto. and yes … we really love surprises! share hints with us 😊😉🙏

Andrés M. | Satoshi Club:
Any other sneak peek for us?😁

😡 AngryPanda 😡 (will never DM you):
Well we have someone on our team who LOVES NFTs, though I haven’t done much with them, so yeah 🙂

Papa Panda:
Well…everyone likes merchandise….

Andrés M. | Satoshi Club:
So is it part of your marketing plans?

Papa Panda:
And we’ve got some amazing designs coming together…but we’re letting the community be the primary drivers. Also, we’re using the communities connections to enhance our ability to connect to influencers and celebrities

Andrés M. | Satoshi Club:
I am even more excited😁. Please tell us how and where buy your tokens?

😡 AngryPanda 😡 (will never DM you):
https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x631e1e455019c359b939fe214edc761d36bf6ad6

Papa Panda:
We have an incredibly engaged community…I really have never seen anything like it. I’m humbled by it every day…

😡 AngryPanda 😡 (will never DM you):
Slippage 11.5%!

We have a YouTube video on how to buy, too!

Andrés M. | Satoshi Club:
How many local communities do you have?

😡 AngryPanda 😡 (will never DM you):
https://youtu.be/ZghEbXgIg0o

Oh wow so many

Spanish, Arabic, Japanese, Korean, and more

Andrés M. | Satoshi Club:
Oh great, you are global 💪

Gold Rocket | Satoshi Club:
Thank you! a good guide is always useful for the community👏

😡 AngryPanda 😡 (will never DM you):
Yeah, and we’re especially popular in the Asian market because they love pandas 🙂

Andrés M. | Satoshi Club:
Time to proceed with our 5th question, are you ready?

Papa Panda:
We’re ready!

😡 AngryPanda 😡 (will never DM you):
We’re all about pushing mass adoption and educational materials! We have big plans for educating the community

Sure

Andrés M. | Satoshi Club:
Well, everyone loves Pandas 😁

Q5 from Telegram User @sofiaisla
You mention that Pink Panda charges 10% of each transaction. But why did you decide to charge such a percentage since this is quite high? Where will these funds be directed? You also say that $PINKPANDA has a 5% startup charity wallet and a 5% development wallet for project funding. Where will these donations go? And finally, what types of projects will Pink Panda finance?

😡 AngryPanda 😡 (will never DM you):
YES

Gold Rocket | Satoshi Club:
In the Russian Satoshi Club community, we have already met @keltmasterme 😊

😡 AngryPanda 😡 (will never DM you):
Ooh cool!

Papa Panda:
First -the tax is quite high as an anti-whale tax. You’ll see if you look at our chart over 14 days, it’s performed exceptionally well

For Charities – we’ve initially chosen cancer charities – because I’ve been deeply touched by cancer (lost my mother to pancreatic cancer 2 years go) and I think most people have. We eventually want to turn these choices over to the community…

We made a $1000 initial donation to cancer.org and are planning our next donation shortly.

Andrés M. | Satoshi Club:
Generous actions, that’s how our world can be better, if we help each other👏

Papa Panda:
Agreed. We believe in leading by example.

Gold Rocket | Satoshi Club:
Oh! Sorry about that. I’m sure she would be proud of you! you continue her memory with charity❤️

Andrés M. | Satoshi Club:
Well is time to go with our final question of this part of the AMA. Would you like to add something else?

Papa Panda:
Let’s continue!

Q6 from Telegram User @orlemys
You said you are a seasoned group of developers who plan to bring the polished platforms pioneered on Ethereum and Solana to BSC. However, this sparks curiosity. If you plan on developing a project to be superior amongst all competitors (you mentioned that BSC’s few decent platforms were still lackluster) why did you decide to settle for a meme coin? Especially when witnessing the tense situation with meme coins currently. Why not go for a professional, serious image that instills trust in the community?

😡 AngryPanda 😡 (will never DM you):
We’re not a memecoin, but we’re very in tune with current trends in crypto, and we think that meme-based marketing is very effective in drawing in new ppl to crypto. We have a fun and light-hearted image to welcome new people into our community, rather than just build a boring platform that only experienced crypto people will use.

Papa Panda:
On that note – I can’t tell you how many “mainstream” people love our marketing, complete crypto newbies. Today at the Dr’s office, he wanted to buy in after 10 minutes!

But the on-ramp is very challenging for someone new…if only there was a company that made it easier… 😉

Andrés M. | Satoshi Club:
Completely agree!

Thank you very much guys for your clear and detailed answers. It has been a great time with you in this first part of the AMA😁

😡 AngryPanda 😡 (will never DM you):
https://t.me/PinkPandaDefi

Thanks!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @AllenLu
When token burned again?

Papa Panda:
Saw a lot of safety type questions: Initial 50% burn has taken place, Liquidity Pool is locked, contract is renounced, audit completed, Doxxed founder (meaning I can be held liable).

Q2 from Telegram user @highpee
I think I like 💖Papa Panda but I don’t like when Panda are angry😡😡. Why are you ANGRY Panda? What can I do to make you happy🤗? 🙏

😡 AngryPanda 😡 (will never DM you):
I’m angry because I was rugged in my last investment before PinkPanda. I will be happy when you ALL join our community 🙂 I have a bet with a community member to change my name to Elated Panda, ask about it in our telegram group

https://t.me/PinkPandaDefi

Q3 from Telegram user @feranno
Which channels do you use effectively to communicate with potential investors / users who want to access details and up-to-date information about your project?

😡 AngryPanda 😡 (will never DM you):
We have a Telegram chat group as well a discord server where we send all announcements in an announcements channel.

https://solo.to/pinkpandadefi

https://discord.gg/zYPhkYE9uT

Q4 from Telegram user @messilolz
👋 what is the reason you choose pink colour and panda animal name project? what is your team motivation ?

Papa Panda:
Well who doesn’t love pandas? And we initially tied to pink in relation to cancer charity, as well as a feeling that we’re really entering a new era where “fun” colors like pink can be embraced…it’s time for “old money” and “big blue” types to realize that a new generation is here! Our motivation is all of you…the community at large, each other. I’ve never worked harder in my life, and I’ve never had more fun or felt better about a project. It feels wonderful to be working on something that not only has made a lot of people’s lives already better…but is going to do so much more. I really believe DeFi is incredibly revolutionary and we’re on the front edge…

Q5 from Telegram user @smelekin
As I see 5x leverage is the maximum amount of leverage that’s available but why did you choose this number as maximum? Why not 10x or more?

😡 AngryPanda 😡 (will never DM you):
It’s because we’re decentralized! Up to 5x leverage is possible while being fully collateralized because of cross-margining, but over that wouldn’t be possible in a decentralized protocol.

Also, I don’t recommend using more than 5x leverage 🙂

Q6 from Telegram user @atillayeni
I wonder is you listed the token on any exchange? Where can I buy PINKPANDA tokens right now?

😡 AngryPanda 😡 (will never DM you):
You can buy $PINKPANDA on Pancakeswap v2!

https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x631e1e455019c359b939fe214edc761d36bf6ad6

Here’s a YouTube video explaining how to buy it with TrustWallet: https://youtu.be/ZghEbXgIg0o

Q7 from Telegram user @Jahid876
Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?

Papa Panda:
Since day 1 we’ve been educating people on the value of holding a deflationary growth token like this. Again, I challenge anyone to look at our 1 hour, 14 day chart. We want responsible, organic, sustained growth. Whales and tuna drop every day, and 100 pandas replace them. We are ramping up our education efforts…as a lifelong investor with a financial background, and also someone who has had family members “scammed” by the financial industry – I really have a strong dislike of unadulterated greed/scammers and we’ll be doing everything in our power to prevent that happening in our community and our DEX.

Q8 from Telegram user @Denybela
How do you plan to spread awareness about your project in countries where English is not spoken? Is there an ambassador program in your future plans?

😡 AngryPanda 😡 (will never DM you):
We have many specific Telegram groups for other languages, in addition to many language channels in our Discord server.

Find the language-specific Telegram groups in the pinned message here: https://t.me/PinkPandaDefi

Find the language-specific channels in our Discord server here: https://discord.gg/zYPhkYE9uT

Papa Panda:
Yes! We first encourage community members to get involved…we have numerous sub-communities …Korean, Japan, Indonesia, France, Russia, India, Spanish, just a few that come to mind. As we expand our marketing capabilities we’ll also be increasing our global brand awareness directly through various campaigns.

Q9 from Telegram user @highpee
I downloaded your app. But I don’t know how I can set up my own wallet. What is this app for? What function will users be able to use it for?

Papa Panda:
So right not it’s very simple – you can check your price and holdings. I use it every morning from bed 🙂 Next release will have reflection calculations, local currencies, a faster API, more links. 1.1…1.2 shortly after…we’re shooting for 1-2 week sprints to keep a constant stream of updates and to show we mean business 🙂

Q10 from Telegram user @BJosefina61
What is the potential of creating your own App? what advantage could it have over using metamask?

😡 AngryPanda 😡 (will never DM you):
Well, Metamask isn’t a very easy app to use! You need to know which website to go to and how to use them. Our app is already much nicer and will make interacting with DeFi super easy and a pleasure.

If you guys have any more questions, join our Telegram—we’ll be doing a voice AMA! https://t.me/PinkPandaDefi

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Pink Panda. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners
Pink Panda Telegram community:  https://t.me/PinkPandaDefi
Twitter:  https://twitter.com/pinkpandadefi
Website:  https://pinkpanda.finance/

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