Welcome to Pandacoin: Embrace the Future of Digital Currency

Discover the world of Pandacoin (PND), a digital currency designed with fairness, decentralization, and user experience at its core. Born as a fork of Dogecoin in 2014, Pandacoin has evolved into a modern, feature-rich cryptocurrency by adopting the Peercoin codebase, offering you the best of both Proof-of-Work and Proof-of-Stake technologies.

As you venture into the realm of Pandacoin, you'll find cutting-edge features, seamless onboarding, and accessible resources tailored for newcomers and seasoned crypto enthusiasts alike. With a strong focus on community engagement and open-source development, Pandacoin strives to break barriers and redefine the digital currency landscape.

Join us on this exciting journey as we work together to create a more equitable, decentralized future. Welcome to Pandacoin – your gateway to innovation, growth, and financial freedom.

Abstract

Pandacoin is a decentralized digital cash system that operates on a peer-to-peer network, eliminating the need for a central authority. Transactions are processed and verified through a combination of Proof-of-Stake (PoS) and Proof-of-Work (PoW) algorithms. The PoS mechanism allows users to earn inflation rewards by holding coins for a fixed period, prioritizing active network contributors and ensuring fair coin distribution. To maintain security, malicious actors must purchase a stake before attempting attacks, which benefits existing users. The PoW algorithm employs specialized SHA256D hardware to mine and distribute block rewards, further bolstering network security. The inflationary nature of these consensus algorithms is counterbalanced by the destruction of transaction fees, preserving Pandacoin's value.

Purpose

Pandacoin's primary objective is to reestablish cryptocurrency as a means of exchange rather than merely a store of value. Designed for low-cost, everyday transactions, Pandacoin encourages the spending and circulation of currency while rewarding stakeholders as fees are burned. This approach helps maintain Pandacoin's value and scarcity.

The Pandacoin network offers stakeholders access to services that promote the use of Pandacoin as a currency. These services include the Pandacoin Client for daily transactions and secure automated platforms for convenient payment of goods and services. The Pandacoin network also enables users to send and receive funds using just a username via APIs on various social platforms, making it accessible to a broader audience. The implementation of Smart Contracts and Assets allows stakeholders and users to create their own services and communities within the network.

Pandacoin's low barriers to entry, such as not requiring personal information or registration for existing services, make it an effective and straightforward way to reintroduce digital currency to the world. Transactions are secure and instant, thanks to SegWit and Lightning Network support, and are available to third-party vendors who accept Pandacoin.

By welcoming vendors, stakeholders, and newcomers to the cryptocurrency sphere, Pandacoin provides a platform for innovation and use, free from censorship and obstruction.

Ecosystem and Community

The Pandacoin project fosters a vibrant ecosystem that encourages community involvement and collaboration. Pandacoin's open-source nature allows developers and enthusiasts to actively contribute to the project, enhancing its features, security, and overall user experience. Educational resources, such as the official Pandacoin wiki, provide essential information and guidelines to users, facilitating their integration into the community.

The Pandacoin community plays a crucial role in the project's success by supporting its values, providing feedback, and promoting its adoption. By engaging with various social media platforms, the community helps raise awareness of the project and fosters its growth. Furthermore, the community's dedication to decentralization and fairness contributes to a robust and transparent governance model that ensures Pandacoin's long-term viability.

Conclusion

Although the e-commerce industry is rapidly expanding, cryptocurrencies have yet to significantly penetrate e-commerce spending. Pandacoin aims to change this by promoting the spending and use of its currency worldwide. By eliminating central authorities and enabling digital currency spending through multiple social platforms, Pandacoin ensures fair distribution among individuals rather than institutions.

Pandacoin's dual consensus algorithms make the network highly decentralized and secure. While the network operates with inflationary rewards, destroyed transaction fees counteract inflation and maintain value. This approach rewards network contributors for ensuring its security. By encouraging Pandacoin spending, it becomes a valuable e-commerce tool that fosters innovation and use without censorship or obstruction.

Leveraging decentralization, Pandacoin seeks to create a secure and transparent environment for developers, users, and stakeholders to build and contribute to the network. Allowing the creation of smart contracts and assets, the network becomes a platform for communities

Donation Address

Cheng du Research Base of Giant Panda Breeding

A brief introduction:

Pandacoin (PND) is a decentralized digital currency launched in February 2014 as a fork of Dogecoin. Initially starting with a three-month Proof-of-Work (PoW) phase, the project quickly transitioned to Proof-of-Stake (PoS) to promote fairness and decentralization. The absence of an initial coin offering (ICO) or premine on the network further emphasizes these core values.

On May 17, 2021, Pandacoin underwent a significant network upgrade by adopting the Peercoin codebase. This transition introduced numerous modern enhancements and features, bringing Pandacoin in line with contemporary industry standards. As part of the upgrade, the network reintroduced PoW using the SHA-256d algorithm while maintaining PoS functionality.

Key Features and Developments

Since the transition to the Peercoin codebase, Pandacoin has incorporated several new and improved functionalities. Notable enhancements include near-instant synchronization of the Pandacoin client and an inflation counter for transaction fees. The upgrade also paves the way for future development of smart contracts and assets built on the Pandacoin platform.

Despite these advancements, Pandacoin remains committed to its primary goal of serving as a digital currency. To achieve this, ongoing development focuses on creating user-friendly tools and services that facilitate seamless onboarding and reduce barriers to entry for both existing stakeholders and newcomers in the cryptocurrency space.

Future Outlook

Pandacoin's development continues with a focus on enhancing user experience and expanding its use cases. The project aims to provide developers and stakeholders with the necessary support to engage with the network and create decentralized, open-source solutions. Comprehensive information about the project, including technical specifications, network updates, and community resources, can be found on the official Pandacoin wiki.

Q: What is Pandacoin? A: Pandacoin is a cryptocurrency that aims to encourage the spending and use of the currency across the internet, reaching a worldwide demographic.

Q: What sets Pandacoin apart from other cryptocurrencies? A: Pandacoin features two consensus algorithms resulting in a significantly stronger decentralized network, and all transaction fees are destroyed in order to counter inflation and maintain value. The network also allows for the creation of smart contracts and assets, enabling users to form their own communities and services.

Q: How does Pandacoin encourage spending and use of the currency? A: Pandacoin can be sent and received with only a username required, thanks to the use of the Pandacoin network and APIs of various social platforms. The low barriers for entry into the Pandacoin network and use as a currency aim to make it easy for people to use as a digital currency for day-to-day transactions.

Q: Can developers contribute to the Pandacoin network? A: Yes, developers can contribute by creating their own services and frameworks on top of the Pandacoin network, allowing for decentralization and diversity of services offered.

Q: Who can use Pandacoin? A: Anyone can use Pandacoin, as it is open to a worldwide demographic and does not require personal information to be shared with any central authority. The low barriers for entry and ease of use make it accessible to a wide range of people and communities.

Q: Is Pandacoin secure? A: The two consensus algorithms used by Pandacoin result in a significantly stronger decentralized network, providing increased security compared to other cryptocurrencies. The destruction of all transaction fees also helps to maintain the value of the currency.

The future of wildlife is in our hands, and Pandacoin is determined to make a difference. With the funds raised, we'll be donating to organizations that share our vision for a better world. The donation date is yet to be announced by our development team, but rest assured, we're working hard to make it happen soon.

The PandaBank and Addresses are now open for Stake mining and donations. All donated Pandacoins will be sold and the proceeds will go straight to the organizations we support. Our goal is to contribute to positive change and make a lasting impact.

It's sad to see so many cryptocurrencies concerned with quick profits and disregarding the real-world value they could bring. Pandacoin is different. We have patience, integrity, and a deep commitment to fairness in the crypto community.

Stay tuned as we add more deserving organizations to the list, giving you the power to distribute your donations however you wish. Visit each organization's donation page to learn more about their cause and how you can help. Let's make a positive impact together!

How will the funds be donated?

The funds will be donated in a manner that aligns with the requirements and objectives of the recipient organizations. The Pandacoin development team will work closely with each organization to ensure that the donation process is smooth and efficient.

Who is responsible for the management of the donation wallets?

Donation Address

World Wildlife Fund (WWF)

The World Wildlife Fund (WWF) is a leading conservation organization that operates in 100 countries and is supported by millions of members worldwide. It is dedicated to protecting some of the world's most threatened species, including the giant panda. Giant pandas are a rare and endangered species, with only a small number of individuals left in the wild. The WWF is working hard to conserve the giant panda and their habitat, by addressing the severe threats they face from human activities. By supporting WWF, you can help protect this iconic species and the environment in which they live.

Donation address

Ocean garbage patches are vast and dispersed

One potential solution is to harness the ocean currents to collect plastic waste and concentrate it in certain areas, making cleanup more efficient and cost-effective. For example, floating barriers or coastal installations could be used to trap plastic before it enters the ocean, while ocean-going vessels equipped with specialized collection systems could target plastic debris in the gyres. Additionally, developing new technologies that can break down plastic waste in a sustainable and environmentally-friendly manner could reduce the amount of plastic in the ocean and mitigate the impact of plastic pollution on marine ecosystems. It is important for individuals, organizations, and governments to work together to find innovative solutions to this global problem.

Take advantage of natural oceanic forces

The goal is to efficiently collect the plastic and transport it to shore for recycling, with the aim of cleaning up the ocean gyres in a more cost-effective and sustainable manner.

By utilizing the natural ocean currents, the Ocean Cleanup aims to reduce the impact on marine life and minimize the amount of energy needed to collect the plastic. The innovative approach offers a promising solution to the global problem of plastic pollution in our oceans.

To catch the plastic, act like the plastic

By mimicking the movement of plastic, The Ocean Cleanup's systems are able to effectively collect it. The system's design uses the natural forces of wind, waves, and currents to move it to areas of high plastic concentration in the ocean garbage patches.

With a full-scale deployment, computation models predict a 50% reduction of the Great Pacific Garbage Patch in just 5 years! The more systems deployed, the more plastic will be collected and removed from our oceans.

Extract, ship, recycle

Transform Trash into Treasure The Ocean Cleanup is not only dedicated to removing plastic from our oceans but also finding innovative ways to reuse the material.

Our initial findings on ocean plastic recycling reveal the potential for high-quality products to be crafted from the plastic collected from the Great Pacific Garbage Patch.

Imagine, your next phone case, chair, car part or even sunglasses could be made from recycled ocean plastic. By selling our branded, eco-friendly material, we aim to create a self-sustaining solution for ocean plastic pollution.

How do I install the Pandacoin Client?

How do I import my Pandacoin wallet?

Assuming you have the relevant Private Key, simply run importprivkey <key> into the Pandacoin Client Console to import the wallet.

1. Go to Help

2. Click on "Debug Window"

3. Go on the "Console" tab.

If you hold a wallet.dat file, find the respective directory, as seen under, and place it into the directory. Restart the Pandacoin Client and your wallet will synchronise and display the imported wallet.

Windows: %appdata%\Pandacoin\

Linux: ~/.pandacoin/

OSX: ~/Library/Application Support/Pandacoin/

How do I backup my Pandacoin wallet?

In the Pandacoin Client, head over to File and Click on Backup Wallet.

Alternatively, locate your default Pandacoin directory: Windows: %appdata%\Pandacoin\

Linux: ~/.pandacoin/

OSX: ~/Library/Application Support/Pandacoin/

Locate the file named wallet.dat and copy it to a safe location.

💰 Get started

Create a deposit address or ask a friend to send you some pandas.

Use /deposit or /address in private to know your own address on the bot.

Then you can send funds to that address the same way as you usually transfer funds with your PandaBank.

Use /balance in private to know how much Pandacoin you have got in your account.

💁 Tipping

Once you have some pandas, share them with your friends. Use /tip <user> <amount> Make sure to correctly tag your the person you are tipping.

ℹ You can tip multiple users at the same time, as long as the number of tagged users matches the number of provided amounts.

Example:

/tip user1 amount1

ℹ You can specify amount before tagging the user. And in a multi-tip, you can be free to specify amount wherever you want, as long as the amounts and users match.

Examples:

/tip amount1 user1

Feature is coming later.

🌐 Withdrawal

Need to withdraw to your PandaBank?

Use /withdraw <address> <amount>

Please double check your address before submitting, as we cannot undo that process.

ℹ You can provide the amount before the address.

Example: /withdraw amount address

⁉ Troubleshooting

Changing account

Your pandacoins are tied to your @username or, if you have none, to your Telegram unique UserID. Please, be aware that if you change your @username, you lose access to your previously stored pandacoins.

In this case, you can:

1. With your new @username, ask the bot for a deposit address;

2. Switch to your old @username, withdraw your funds to your new deposit address;

3. Switch back to your new @username and check that your pandacoins have been correctly transfered.

Losing @username

Your pandacoins are tied to your @username if you have one. In case you change your @username, we advice to transfer your pandacoins. If you lose your @username to another user (in case you change it and some other user sets his @username to your old @username), he will have complete access to your previous account on PandaTip.

You may contact admins in case you can prove precedent ownership of the @username; in this particular case, admins will return the fund if and only if the new user accepts to give them back. Be warned.

Losing Telegram account

In case you delete your Telegram account and you've had a @username, you can create a new Telegram account with the same @username and have access to your funds. If another user takes over your @username, he will have full access to your account on PandaTip.

In case you delete your Telegram account and you've had no @username (which means that your PandaTip account was tied to your UserID), you lose access to that account with no possible recovery (unless you can prove ownership of the old UserID to the bot's admins).

About

AltMarkets is a Cryptocurrency Exchange focusing on emerging Cryptocurrencies and projects, aiming to support innovative projects with the professional tools they need. AltMarkets offers an intuitive interface with real-time orderbooks, charting tools, trade history, and a simple order process so you can trade from day one.

Pairs

Screenshot:

1. Backup keys on the old legacy wallet.

2. Transfer backup to desktop.

3. Install openssl

   • • cinst -y openssl

     • Restart terminal
   • On Ubuntu / Debian through sudo apt-get install -y openssl

4. Decrypt your backup

   • You can ignore the warning *** WARNING : deprecated key derivation used. Using -iter or -pbkdf2 would be better.

   • On Windows openssl enc -d -aes-256-cbc -a -md md5 -in "C:\path\to\pandacoin-wallet-keys-2021-04-02" -out "C:\path\to\decrypted-pandacoin-wallet"

• On Ubuntu / Debian openssl enc -d -aes-256-cbc -a -md md5 -in /path/to/pandacoin-wallet-keys-2021-04-02 -out /path/to/decrypted-pandacoin-wallet

• Enter your password

2. Open Debug window

3. Click Console

4. Enter the following:

   • On Windows importwallet "C:\path\to\decrypted-pandacoin-wallet"

   • On Ubuntu / Debian importwallet "/path/to/decrypted-pandacoin-wallet"

After successful import, make sure to delete the decrypted file again. It is in plaintext and could be opened by anyone that has access to your computer.

Colors

Black and White.

Font

Logo

How the Faucet Works

The Pandacoin Faucet operates on a simple mechanism, distributing a predefined amount of PND to users who complete a specific action or task. These tasks may include solving a captcha, completing a short survey, or engaging with Pandacoin on social media platforms. The primary objective of the faucet is to introduce users to the Pandacoin ecosystem while also preventing abuse from automated bots or users attempting to claim multiple times.