What is Pando Proto? Pando Proto is a decentralized exchange that uses a multi-signature based application development model technology called Mixin Trusted Group (MTG).
To understand more about Pando Proto, people can read some of the articles below:
- What is MakerDAO (MKR, DAI)? MakerDao Cryptocurrency Overview
- Curve Finance (CRV) Operating Mechanism
- What is Uniswap (UNI)? Uniswap Cryptocurrency Overview
What is Pando Proto?
Overview of Pando Proto
Pando Proto is a decentralized exchange that uses a multi-signature based application development model technology called Mixin Trusted Group (MTG). With the first product, an exchange called 4SWAP, launched by Pando Protocol in 2020, it has helped the community provide safe and user-friendly decentralized financial services.
The naming of Pando Proto was inspired by a type of plant called Pando is known to be one of the oldest living organisms and has a massive underground root system. All products under the Pando umbrella are named after certain parts of the plant. The naming accurately conveys the aspirations of the team behind Pando Proto – to provide comprehensive and long-term one-stop DeFi services.
Pando Proto’s mechanism of action
Pando Proto’s operating mechanism includes the following products:
- 4SWAP Exchange: Decentralized exchange allows users to swap currency pairs such as BTC – USDT, ETH – USDT, …
- Pandora Leaf: Implementing derivative liquidity, users can deposit crypto assets as collateral to exchange for pUSD
- Pandora Lake: Users can provide liquidity at Pool Lake with currency pairs to receive profits
- Pandora Rings: Users can lend their crypto assets to receive interest as staking or can borrow money back from the protocol by mortgaging assets
- Pando Catkin: Where the community can do free quests and receive rewards
The Pando Proto difference
The difference of Pando Proto includes the following factors:
- Product: Friendly to new users in a simple way but looks a bit sketchy and doesn’t stand out like other decentralized exchanges
- Tight security: Each Pando MTG is essentially a multi-character address owned by the MTG node. These nodes monitor transactions sent to multi-sig addresses
Pando Proto development roadmap
Update…
Investors
Update…
Tokenomics
Currently, the team does not have a roadmap to deploy tokens for the project
Exchanges
The team is deploying the 4SWAP exchange for the project itself
Project Information Channel
- Twitter: https://twitter.com/pando_im
- Telegram: https://t.me/its_4swapOrg
- Discord: https://discord.com/invite/ek45g3Cymd
- Reddit:
Summary
Pando Proto is a decentralized exchange that uses multi-signature development model technology to help users better secure assets and provide decentralized financial services such as Lending & Other Borrowing. Pando Proto products have a simpler interface and are easier to experience than new users.
Through this article, you probably have some basic information about the Pando Proto project to make your own investment decision, and leave comments and suggestions for yourself in the next articles. Please!