An In-Depth Look at the Latest On-Chain Data of the Next-Generation L1 Blockchain
(London, UK, 05/08/2024) In July, the next-generation super L1 Pandora Chain successfully concluded its native utility token PDA’s IDO event, with 5 billion PDA tokens sold out in a short time. The event set an on-chain record with 1.3 million new wallet addresses in 25 days, marking the longest IDO and the highest wallet address record in history. On August 2nd, Pandora Chain’s IDO 2.0 introduced the ZEUS ecosystem governance token. Contrary to market norms, all seven rounds sold out within 35 minutes of their launch, reflecting robust market demand.
In July, the next-generation super L1, Pandora Chain, recently completed its IDO for the native utility token PDA. A total of 5 billion PDAs were sold out in a short period, receiving an enthusiastic market response.
The IDO for the native utility token achieved remarkable success, with wallet addresses surpassing 1.3 million within 25 days. As a public blockchain that adopts a dual-token economic model, Pandora Chain is now launching IDO 2.0, introducing the new $ZEUS ecosystem governance token, offering users more opportunities and value.
Data as of 05/08/2024
Is this the new wave of market traffic entry? The following will provide a multi-angle analysis:
First Round Results: PDA Launch Adds 1.3 Million New Wallet Addresses in 25 Days
At the beginning of July, Pandora Chain concluded its initial token offering (IDO) for its native utility token, PDA. An impressive 5 billion PDAs were quickly sold out, generating an enthusiastic market response. According to on-chain data, within just 25 days, Pandora Chain’s user wallet addresses increased by over 1.3 million. This rapid growth rate is astonishing and highlights the strong market demand for PDA.
Even more noteworthy is PDA’s remarkably stable market performance, with little to no selling pressure. Users appear to be holding onto their tokens, patiently awaiting the upcoming significant IDO—ZEUS. This phenomenon reflects investors’ confidence in the future value of PDA and indicates the potential of the ZEUS ecosystem governance token.
Record-Breaking Success: ZEUS IDO Gains 480,000 New Wallets in Just 7 Days
According to official data, as of August 5nd, Pandora Chain has successfully completed seven rounds of its Initial DEX Offering (IDO), with overwhelming market response. The first round of the $ZEUS IDO on July 27th sold out in 30 minutes. The second round sold out in just 9 minutes the next day. The subsequent rounds sold out in 26 minutes, 9 minutes, 29 minutes, 33 minutes, and 20 minutes respectively, underscoring the strong demand and high market recognition for the $ZEUS token.
Based on the tokenomics released by Pandora Chain, 1% of the total $ZEUS supply is allocated for the IDO. In this public sale, 100 million tokens will be fully circulating post-IDO. With the issue price set at approximately $0.15 per token, the projected IDO valuation of $ZEUS will surpass $15 million, pushing its total market cap beyond $1.5 billion.
The synergy between PDA and ZEUS tokens serves as the cornerstone of the Pandora Chain ecosystem, acting as a bridge connecting users, developers, and the broader ecosystem.
Let’s Further Analyze the $ZEUS Tokenomics:
■ Initial Issuance:100 million ZEUS tokens, accounting for 1% of the total supply. Even if all these tokens enter market circulation, they will not cause significant selling pressure.
■ Remaining Supply:9.9 billion ZEUS tokens, making up 99% of the total supply, will be gradually produced through mining, incentivizing users to participate in the network’s long-term development and ensuring its security and decentralization.
Additionally, $ZEUS holders will benefit from the following advantages:
■ Participation in PDA Mining Pools: Earn stable mining rewards.
■ Increased Mining Power: The more ZEUS tokens held, the higher the mining power and the greater the PDA rewards.
■ Network Governance: Influence the future direction of the network by participating in governance through voting.
■ Priority in Airdrop Events: Obtain priority access to various airdrop activities at different stages.
Here are some friendly reminders for everyone:
Firstly, the computing power for mining PDA with ZEUS holdings will begin synchronously with the start of the IDO. The computing power will be generated upon completing the node election, and the output method will be weighted according to the average ZEUS holdings.
Secondly, a single address can calculate a maximum of 2000 ZEUS holdings; any excess will not be counted. Therefore, it is suggested to distribute ZEUS across multiple accounts to utilize your wallet addresses better.
Conclusion
Pandora Chain has three major advantages: ecological hot spots, issuance capability, and a strong user base. It has the right timing, geographical advantage, and harmonious human relations. It is highly probable that it will become the most dazzling star in the market. It is highly recommended that you pay close attention to Pandora Chain’s IDO issuance and subsequent actions.
About Pandora Chain
Initiated by the Swiss Pandora Technology Lab, Pandora’s team comprises technical experts and top scholars who have long been involved in the development of Bitcoin, Ethereum, and AI platform design and research. They are well acquainted with the bottlenecks encountered by blockchain-based ecosystems and have embarked on a two-year exploration addressing the shortcomings of Bitcoin, Ethereum, AI, and blockchain application issues.
Pandora aims to build a secure, open, high-performance digital ecosystem that supports complex computations suitable for various decentralized applications (DApps). Ultimately, Pandora strives to form a world-class decentralized on-chain financial system, leading industry innovation, developing the digital economy, and benefiting the general public.
Pandora Chain official link
Website: https://pandorachain.org/
Twitter: https://x.com/PandoraChain_
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