Grazing Range Pool#53 — Welcoming PSR to the herd!

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Grazing Range Pool#53 — Welcoming PSR to the herd!

Dear alpacas,

We senior alpacas are excited to welcome our newest addition to the range — Pandora!

All you young alpacas will be able to earn $90k USD in PSR rewards by staking ALPACA in the governance vault, which will be distributed over 8 weeks. The pool will go live on June 30th, 2022. As usual for a Grazing Range pool, you will also have a chance to earn exclusive NFTs if you meet the staking criteria.

A leveraged yield farming pool for PSR may be supported in the future if it meets the minimum liquidity requirements.

🎁Grazing Range Reward Details

Total Rewards: 23,300 PSR(~$90k USD)

PSR Token: 0xb72ba371c900aa68bb9fa473e93cfbe212030fcb

Rewards Period: 8 weeks


Rewards Start Date: June 30th, 2022

Rewards End Date: August 25th, 2022

Distribution Schedule:

Exclusive NFT Cards for Pool’s Stakers

To be eligible, you must stake ALPACA in the governance vault during the first 4 weeks of the Grazing Range campaign starting from before June 30th 00.01 UTC until at least July 28th. The NFT tier you receive will be based on the amount of your xALPACA balance during that entire period. (Since xALPACA balance naturally decreases over time, make sure to watch yours)

  • Green Tier: held at least 500 xALPACA
  • Silver Tier: held at least 5,000 xALPACA
  • Gold Tier: held at least 50,000 xALPACA

About Pandora

Pandora is a next-gen decentralized ecosystem banking on IDO launchpad and dual-token DEX to offer an inclusive incentive structure for all users while enabling early-stage crypto investors to find tomorrow’s blockchain-based gems in today’s emerging crypto projects.

⚜️Key USP:

Dual-token model: The integration of a unique dual-token model into a decentralized ecosystem allows for better usability of both the tokens while ensuring all users are properly incentivized and enabled to make decisions on governance.

While the reward token PAN is aimed at ensuring users are better incentivized for their participation in the protocol, the governance token PSR has a deflationary burning mechanism that ensures as Pandora’s user base grows, fewer PSR tokens will exist in circulation, and the token will thus become scarcer and more valuable over time.

Blockchain development: Currently on BNB Chain, Pandora’s scope is to be expanded to other chains such as Polygon or Solana, paving the way for the establishment of a cross-chain DEx and IDO Launchpad.

Inclusive incentive structure for all users: Pandora enables an all-encompassing reward system for everyone involved.

Unique trade mining system: Pandora’s one-of-a-kind trade mining system enables traders to earn rewards for every transaction made

Gamification integration: Pandora attracts users by adopting the elements of game playing to DeFi protocol, offering a fun and engaging trading experience.

BUSD rewards: Pandora distributes its revenue to reward pools, making its users shareholders of the protocol. When users own and stake Pandora’s exclusive NFTs, they acquire daily BUSD rewards.

Exclusive NFT Marketplace: PandoMarket is a NFT Marketplace that allows bidding and asking, creating a permission-less trading environment for everyone to buy their favorite NFTs with the best deal.

🔒Security Scorecard on PSR

Have the contracts been audited by professional auditing firms?
Yes, Pandora has been audited by PeckShield.

What is the project’s inception date?
We start developing in December 2021. And we officially launched on the mainnet on May 19th, 2022.

Has your project even been involved with a hack of exploit?
No, we have never been hacked or exploited.

What safety measures are in place to secure your protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?
We have just finished auditing Timelock and MultiSign contract. You can check it here. We plan to implement this mechanism in the next month. As for the multi-sig wallet, currently, the people holding these wallets are the founders of Pandora.

Does your token have a maximum supply cap?
Yes, the maximum supply is 10,000,000 PSR. The total supply of PSR is fully pre-mined at launch and will be decreasing over time as it undergoes regular burning.

Mint function. If Token does not have maximum supply, how is the mint function controlled?
The total supply of PSR is fully pre-mined at launch (only when the contract is deployed). That means the PSR can not be minted anymore after that.

Centralized treasury. If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?
We have a decentralized treasury. You can check it here.

Migration Function. Is there a migration function in the code? Why is this there and how to control this function from making a malicious action?
There is no migration function in the PSR token contract.

Upgradeable contracts. Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?
No, there is no upgradeable contract in our code.

Third-party risk. What underlying external parties do your contracts rely on?
We have used Chainlink VRF to generate a random number on the Jackpot feature.

Where are tokens currently listed?
We are listed on PancakeSwap and Pandora DEX.

Please briefly describe the utility of your tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)
Our token’s utility include Governance, Staking, Fee Payment, and IDO.

Does your token have any advanced mechanics such as deflationary/rebase/reflexive?
Yes, the burning mechanism of PSR ensures that as more users participate in the protocol, fewer PRS tokens will exist in circulation. You can read more about PSR burning mechanism here.

Please share your project’s roadmap
You can check our roadmap here.

What % of the token supply is/will be controlled by the team?
15% of the total supply is for the team, but with 1-year cliff and linear release every week in 1 year.

What % of the token supply is controlled by investors? What is the token distribution model?
Investors control 0% of the token supply because we chose the fair launch distribution model.

Please share the profiles of key team members
You can check the profiles of key members here.

What monitoring or controls do you have in place that could catch issues, functions, or delay attacks to protect assets?
We run a bug bounty program with HackenProof. The total prize is also huge to encourage security researchers. Moreover, we also apply a customer service system to detect early user issues.

Do you have a bug bounty program in place/planned?
Yes, we have a bug bounty program. You can read more here.

Safety practices. Is there someone dedicated to security on the team? Does your git include your test/QA scripts? Describe your current IS/QA processes? Will you commit to auditing your code at least quarterly/semi-annually/annually and for major updates and releases?
We have internal QA and security engineers. Moreover, we run a bug bounty program. We do smart contract audits when new features are applied.

To learn more about Pandora, you can visit their official communication channels:

Website · Telegram · Twitter · Reddit · Instagram · Facebook · Discord

Grazing Range Pool#53 — Welcoming PSR to the herd! was originally published in Alpaca Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

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