PANDACOIN [PAN]AKA The Asian Doge Coin / Doge 2.0
"..relax..we don't eat pandas...just doge..." - Confucius
https://i.imgur.com/qTKkfpo.pngRelease DateFeb 21th 2014 at 9:00pm est
According to Urban Legends "A group of rare Pandas will emerge from their bamboo-bases and congregate to perform violent and ritualistic sexual acts in order to facilitate the birth of a new era of Cryptocurrency. The legend says that two baby Panda offspring shall come forth and combine their ectoplasm and add a touch of soy sauce to create an omnipotent all knowing coin".
Please let us know if you would like to add your pool to the list by messaging me.
About the CoinSymbol : PAN
Max Coins: 210 million panda coins.
Block time: 2 minutes
Subsidy halves every 10,000 blocks (~0.03 years)
99% Premine - for community, giveaways, casinos, bounties, my own personal reaping.
PLEASE UNDERSTAND FOR CLARITY - THERE IS NO 'SELLING OF PRE-MINE' I DON'T KNOW WHERE PEOPLE HEARD IT TERMED LIKE THIS - WE HAVE DONE AN IPO WHICH CONSISTS OF THE 3% WHICH IS THE OFFERING TO THOSE INTERESTED IN THE IPO - THE IPO IS NOW FULLY SOLD OUT AND WE APPRECIATE ALL OF THE INTEREST AND THE BIG NAMES WHO ARE SUPPORTING THIS COIN - WE APPRECIATE ALL THE CONTINUED INTEREST AND OFFERS OF MANY MANY BITCOINS BUT IPO IS CLOSED AND PRIVATE MESSAGES OR REQUESTS FOR IPO WILL BE IGNORED HEREIN. THANK YOU
Marketing and Plans for the coin:Pandacoin is being hailed as DogeCoin 2.0 or the 'Asian Doge Coin' - Running on a similar block reward structure and re targeting we are going to be heavily marketing this coin to the Asian markets and drive a very large community which will be on par with Doge.
The reason why we feel emulating the success of Doge is so important is that the Asian markets were not readily available to Doge upon release. The main differences here is that WE are putting in the leg work to form partnerships in the Asian territories, gain traction on the Asian exchanges and push the coin to a very crypto-savy community.
Within a short time frame of launch we are going to be launching a series of services which will be compatible with PandaCoin. These range from Panda Casinos, goods and services exchanges using Panda and of course the PandaCoin Marketplace..*note..you cannot buy a panda for pandacoin..soz*
**IMPORTANT PLEASE READ**
An Open Letter From Wolong: Pandacoin
First and foremost I would like to thank Jackson Palmer of Dogecoin who proved that it was not too late to join the market caps of Bitcoin and Litecoin. He has made an extremely generous tipping community and has given me the privilege of profiting from it and even thanked me for making Dogecoin what it is today. Next, I wish to thank my supporters for their trust and having faith in me. To the haters, thank you for your protest and activity which helped me gain free publicity.
What’s Next? Pandacoin. Pandacoin is developed to be a revolutionary new coin to combat the one problem all other coins face, Market Manipulation. When market manipulation exists in a currency the economy suffers and the adopters that want to save on transaction fees and create a movement to combat big banks suffer. Most alternative coin adopters want cryptocurrencies to beat fiat however, too many of them are just to be pump and dumps. Even legitimate coins are still being controlled by manipulation because this problem has not been properly identified and resolved from their inception.
Take for example, a hand gun. A gun can be used to commit a crime, or it can be used to defend and protect members of an army or police force. My role previously with Dogecoin was to act for the benefit of my backers, it was my responsibility to turn a profit. I did my part to warn others and have also given lectures to benefit the uninformed. People hate me as a market manipulator but this is to be expected in order for someone to win someone has to lose. There was nothing I could do at that time as I had investors to please, however, if proper measurements were implemented in the first place market manipulation could been stopped or at least suppressed. This is why I am going to premine Pandacoin to gain a certain percentage of the share, enabling me personally to prevent early pumps given my knowledge of the market. I have thought this through and have the vision and power to correct this problem that other coins faced. This will be the first time anything like this has been attempted in the altcoin world and, given the success I anticipate, will not be last.
The purpose of me having an IPO is to give value to the coin and let people know that others actually trust the coin. In cryptocurrencies, money is basically being created out of thin air, much like fiat today there's no backing. It is our belief that Pandacoin will be backed by something, the community and investors that truly believe in the coins success. Pandacoin will be NOTHING if its considered a pump and dump scheme so for this reason a certain percentage is being paid or rather backed by people who have faith in this coin. They will be given 50% of the coins they requested, while the remaining 50% will be held by me, unable to be traded for 6 months. This delayed release will ensure price stability
Governments are worried that cryptocurrencies damage the financial system, that being unregulated hurts people who are uneducated in trading. My main purpose in cryptocurrencies is to establish trust as that is what brings real value. There may be steps, procedures in the future which we might implement to prevent money laundering, drugs or terrorist trade in order to let government know that as a cryptocurrency we play our part. By using cryptocurrency such as pandacoin as a form of barter trade since it is trusted and valued, there will be actual real world use for it like paying for services online, a trade between users, exchanging Pandacoins for merchandise, there will be supply and demand from all sorts of trades.
The remaining coins that I will be holding will be used to prevent early dumps from those seeking nothing but profit. So now you may be asking "Why should I be so confident in this coin I've never heard of?" one word, Transparency. My wallet will be totally public and transparent on the blockchain. I can even setup alerts in any form if there is even just a slight change to my wallet balance. So if I were to trade my wallet funds on an exchange, attempting to dump, or cap prices, people will be aware and notified of this immediately before anything happens. By setting an alert up such as twitter, this will give users peace of mind and help them understand what I’m doing, why I’m doing it and the true intentions behind it.
A portion of the premined funds will go to services to help build the Pandacoin community, such as games, prizes, and developers. I'm hoping through these online services such as casinos and dice games you will use Pandacoins that you mine as a form of fun. You will learn that with trial and error that casinos can never be beaten and you can only ever win out of luck. So it’s a fun lesson for people to learn, and provides liquidity and volume for Pandacoins at the same time.
Explanation of Logo: 大猫熊狗屎硬币 roughly translates to "Big Panda Shit Coin"
Edit: It has come to light that a member has created a copy of this coin, please note that this is the real Pandacoin and any other "Pandacoin" is simply an imposter. This hurts business, it's a true shame. 
