PND Team Vision

The Pandacoin (PND) Project – official statement from the Pandacoin (PND) development team regarding their vision for Pandacoin (PND)



Pandacoin (PND) builds on lessons learned from Bitcoin and early Alt Currency adoption.

Pandacoin (PND) is designed to inherit strengths from several leading alternative crypto-currency models. Bitcoin brought forth transparency in transactions in matters of commerce interchange. Pandacoin (PND) builds on this foundation with some new features to address anticipated inflationary and deflationary stressors that all crypto-currency candidates will be subject to moving forward into a new era of global commerce mechanisms.

The founders, economists and architects of the Pandacoin Project have sought to make Pandacoin (PND) an alt currency that is geared towards use of the coin to bring liquidity to commerce interchange as opposed to simply be another abstract commodity. Many new alt currencies are simply 'yet another' micro commodity with no vision beyond that with an attempt to derive value into an abstract commodity through complex regulation of minting of the coin(s). These coins do not seek any utility beyond becoming an alt commodity. Pandacoin (PND) is different - it is designed from the ground up to be used as an alt currency, not a commodity.


Pandacoin (PND) strives to become the choice of alt currency for South/East Asia

Pandacoin (PND) also differs from other alt currencies in that it is territorial in its targeted use. Where sovereign currencies that are derived from territorial nation state models are typically nonhomogeneous, with exception of the merging of sovereign currencies we see with the Euro, citizens living in South/East Asia have long since been taxed unfairly at the mercy of tripolar sovereign currencies such as the Yuan, Euro and US Dollar.  They have been taxed in context to volatility of these three currencies that are continually storm tossed due to winds and forces (including political / military endeavors) that really have no bearing, nor relation to the 50% of the World population that lives in South/East Asia. Why should 50% of the world's population have to pay in terms of volatility of fiat currencies that are deficit due to expensive political expansion, or defensive militaristic foreign policy endeavors, which simply doesn't affect South/East Asia? Pandacoin (PND) serves to become not only a choice for stable commerce interchange - it serves to safeguard 50% of the world's population from having to pay for other nations expensive endeavors.

The people of South/East Asia comprise 50% of the world's population, and should not have to wait for political solutions to provide them with a generic, non-nation state affiliated currency solution. Pandacoin (PND) is here to serve them in this need and desire. Pandacoin (PND) is safeguarded against future inflationary and deflationary pressures. You won't see the Panda running up multi trillion dollar expense accounts in the Middle East in any way associated with dangerous energy solutions such as oil.

Pandacoin (PND) seeks to become the primary choice for all levels of merchant driven commerce interchange. Where many alt currencies can function easily for Consumer to Consumer (C2C) transactions, Pandacoin (PND) seeks to excel not only in C2C transactional contexts but also Business to Consumer (B2C) as well as Business to Business (B2B) transactions. By freeing the people of South/East Asia from the unnecessary burden of volatility from leading sovereign currencies, they can engage in transactional commerce with full transparency such that anonymity is protected when desired as well as full accountability through validation of any transaction by examing the Pandacoin (PND) blockchain.

The Pandacoin (PND) development team strives to bring forth new tools with new technologies to make blockchain evaluation easier for the merchant and for the consumer. This increases trust in business transactions, and increases security and confidence of all parties participating using Pandacoin (PND) as their #1 choice for commerce solutions.

While Bitcoin has become more of a commodity that is held, and traded, Pandacoin (PND) seeks to be more of a true functional currency mechanism to be used in commerce interchange, whether it is purchasing something from Ebay (tm), Alibaba (tm), or buying food at a local grocery who accepts Pandacoin (PND) thanks to its minimal footprint on implementation into point of sale checkout and ledger tracking for even the smallest business.

We see great potential in this coin to be adopted by mainstream population over in South East Asia, in particular China. The inherent symbolism, underlying fundamentals and philosophies of Pandacoin (PND) allows it to serve as a gateway crypto-coin for many in China that are unfamiliar with the fast paced and ever evolving world of crypto-currencies. We do not envision Pandacoin (PND) to compete with Bitcoin in the space that is gravitated more towards the class of "crypto-commodities”.



Now is the time...

Multiple economic indicators regarding the Chinese Yuan (CNY) point towards an impending economic recession. Such examples: unsustainable 12% GDP growth for 10 years in a row and Chinese real estate bubble that is currently similar to what happened to the U.S in 2007. The Chinese Yuan cannot sustain a fiat reactionary mechanism of simply 'printing more currency' as the United States and other nations sought to correct the recent global financial meltdown in recent years. China is now in a similar economic situation as U.S in 2008, with potential fiat inflation risk that leads to a large possibility of the Chinese Yuan experiencing a decline in value in the imminent future.

Pandacoin (PND), like Bitcoin and other alt currencies derived from Satoshi Nakamoto's model that allows for accountability and transparency in accountability vs party identification is not subject to inflationary and deflationary threats by irresponsible currency manipulation as witnessed with first world Central Banks. Pandacoin (PND) offers a way forward that provides a stable currency mechanism for all levels of commerce interchange, fully capable of serving all parties in measures of commerce globally, but culturally aligned with South/East Asia.

By adopting Pandacoin (PND) today - you are taking the first step to freeing yourself from being dependent on sovereign currencies that - arguably - are more volatile long term than any emerging crypto-currency is volatile short term. Pandacoin (PND) is designed to stabilize long term and protect users from volatility as we witness with any product at any grocery store comparing prices now to 10 years ago. There simply is no way demand for Diet Coke has gone up 110%, the simple truth is, the US Dollar has decreased in buying power.


This is just the start of very long journey

After the implementation of proof of stake to Pandacoin (PND), the development team are currently finalizing our roadmap for the coin to ensure that we are heading in the right direction towards the team's vision for the coin. Such examples being included in the roadmap that are currently being discussed, details worked out and the timing of implementation in the future include:

    o X11 and N-Scrypt mining being added towards the Pandacoin (PND) Multipool

    o Work towards being relisted by Mintpal exchange in their BTC market, later ensure Pandacoin (PND) being accepted by more high volume exchanges such as Cryptsy.

    o Upgrading our homepage by providing Chinese language support, Chinese and English forums for Pandacoin (PND), a directory listing of all services and websites associated with Pandacoin (PND)

    o Integration of crypto-coin technologies such as Darksend (as an example) that provides anonymity towards the users of Pandacoin (PND). It would make Pandacoin (PND) more attractive fir Chinese citizens to adopt our coin.

    o Starting a Pandacoin (PND) Charity Foundation so we can involve dedicated members of the community and work towards having more charity initiatives such as PND4PND.com, initially establishing an official sponsorship relationship with organisations such as WWF and/or other giant panda charity organisations. Once the community expands, the foundation will work towards other charitable causes, taking upon ideas directly from the Pandacoin (PND) community.

    o Expanding our development team (currently 5 dedicated team members). We are currently looking to expand our Chinese marketing team based in China to ensure a higher adoption rate and having merchants such as Alibaba (tm) accepting Pandacoin (PND) as a form of payment in the future. We're also currently looking for graphic designers, additional marketers, additional coin developers/programmers and individuals that are interested to help kick-start the Pandacoin (PND) charity foundation. Please contact us if you are interested in joining the dedicated Pandacoin (PND) development team, either by a PM or talking to one of the team devs on our irc channels. (#PandacoinPND at freenode.net)

    o Creating websites and content (such as videos) in both Chinese and English to be used as a guide and FAQ to introduce newcomers and 'newbies' to crypto-currencies and Pandacoin (PND)

    o Continuing to expand our presence over in China, South/East Asia and Western markets.

    o Approaching as many merchants and retailers as possible to have them accept Pandacoin (PND), working towards our vision of having Pandacoin (PND) to function as a crypto-currency that is widely accepted as a unit of exchange in the future.



Leading the future for the people,

The Pandacoin (PND) Project.