Wasn't there already a coin named Panda?
Shameless copy/paste of Mtrycz from Reddit
http://www.reddit.com/r/PandacoinPND/comments/26vc1j/do_you_have_a_lite_client/chv20iz:
Long story short, since you come from the great DOGE community, you must certainly know who wolong is, if not it will suffice to say that he was a speculator and a scammer that speculated on DOGE and made money on fellow shibes. In february wolong decided to launch his own coin, Pandacoin PANDA, with a significant premine (3%, a third of the coins that exist now), it was a copy of an already existing Pandacoin PAND. It was a scam and a pump and dump scheme, but many people fell for it, because they saw him as a successful scammer, so they thought he would scam for them. Instead he scammed them.
In the meantime, the DOGE community of 4chan did not just watch. They decided to react and screw over wolong's plans. They hastily made a new Pandacoin PND to confound investors and screw wolong.
They succeeded.
PANDA has dived into the litoshis. It has stayed there, and will probably soon be removed from the exchanges that still have it.
That's when the devs were presented with the choice: since the original objective of PND had been accomplished, should they call it a day, or should they keep developing to make it a great coin. Well they opted for the latter, and lots of things started happening. A community poll was held to decide if, in the incoming era of scypt asics, PND should merge-mine with DOGE or go for Proof of Stake. The latter was chosen and implemented. In the meantime a multipool has been implemented to let people keep mining PND (and DOGE). The dev team has rose to nine members, some of them are chineese and help keep our community grow in asia too.
Currently the efforts are to promote PND and keep the community growing and spreading the coins. There are some super secret features that the devs are working on internally, but they stated that they won't announce anything before it's ready, because it's generate useless hype. We actually don't want that, we want a slow and steady grow that PND is having currently.
