There has been some confusion regarding the multiple pandacoins that exist, especially among those new to crypto currencies.
So to clarify, this thread is dedicated to discussion about PND.
"The Origins of Pandacoin (PND) stem from the the great need to counter the manipulation we see taking place all too often within the crypto-currency community. Pandacoin (PND) was created as a solution to this problem and provides a platform designed to resist these manipulative forces. The original goal of Pandacoin (PND) is to bring honesty, integrity and a strong sense of community into the ever-growing world of crypto-currencies. The Panda is a symbol of peace, positivity and compassion. It is these traits that we feel are most important in the development of a successful crypto-currency."
Anyways, here's a little about each pandacoin, as far as I know.
PAND, though released first, has been a dying crypto currency with little-to-no developer action in the past few months. 2% premine.
PANDA is Wolong's personal pump-and-dump scam coin. Avoid this one like the plague. For those not familiar, Wolong is an infamous individual who tried and failed to manipulate the DOGE market (among others) for his own gain. His response was to create his own coin which "has a 3% premine (claiming this is done for “stability”), a max of 100 billion coins (just like Dogecoin) and a block reward system just like Dogecoin. It uses Scrypt Adaptive-N (from Vertcoin) along with the Kimoto Gravity Well. It was made in partnership with the Unobtainium developers. The coin also has an IPO. 50% of the coins go to Wolong directly, “unable to be traded for 6 months.” Another ploy for “stability.” He repeatedly claims he will prevent a pump and dump on Pandacoin, but he is known for doing nothing but pump and dumps across the crypto markets. It’s a full-blown scam of the highest order." (source here)
Lastly exists PND. There are a lot of benefits to PND that go beyond just being the anti-wolong anti-scam coin. The coin used to be proof of work (PoW), just like BTC, LTC, and DOGE but has since moved to PoS (Proof of *
Stake)
or steak if you're hungry like me . Essentially the only new coins generated are from a 2.5% annual interest for leaving your wallet connected to the network. Otherwise mining the multipool will also grant you PND through automatic trading of alternative coins generated to PND.
So if you're looking to get in on a young crypto currency, remember not to be fooled by the other pandas (especially PANDA)
There is a lot more to come for PND. With very helpful and active devs, a stable market that is showing a lot of promise (rising trends in market capitalization and price), and already a tight knit community who seeks to support a unique and strong coin, you can count on PND to provide a strong platform to invest yourself to. Check out the IRC and keep posting pictures and videos of pandas!