Greetings!
It was around the middle of last month when a friend mentioned me in one of the buzzing Discord channels related to the Blockchain. I joined the conversation, and along the way, one of the moderators, who had been sharing activities of some people's accounts, switched the topic to Panda X and its earnings. He noticed that I hadn't yet joined the movement. I just glanced through the simple introduction that was written and okayed him that I would join the earning soon.
To be honest, I've heard of the Panda X project before, but I hadn’t really taken the time to read much about it or understand how it operates until this contest came up—and I was wowed.
THE PANDA X
Panda X is similar to the typical tribe tokens in the Hive blockchain that operate in a familiar pattern, but there are some key differences, which I find interesting....
Although I haven’t done much investing in the Blockchain—by investing, I mean delegating HP (Hive Power) to certain accounts to earn Tribe token, or liquid Hive—the ones I know of typically only give out one of these rewards, which is either the tribe token or Liquid Hive. Like I said, I haven’t really explored much.
So, what do I mean?
The Panda X system works in a way that when you delegate HP to the official Panda X account(@pandex), you earn Panda tokens, and also receive a share of the 70% curation reward in Liquid Hive. The first reward, which is earning Panda tokens, is proportional to the amount of HP you delegate; the more HP you delegate, the more Panda tokens you earn, and vice versa. The second reward is a share of the curation earnings, which will be distributed in the form of Liquid Hive.
Since I hadn’t joined at the time of writing this because I was being calculative about the amount of HP I had in my wallet, I wanted to be sure that what was said in the launch information was true.
So, I checked the website( https://panda-x.io/), navigated to the REWARD section, and, yes, I found the list of investors along with their earnings in both Panda and Liquid Hive. So it’s true.
The Panda X project isn’t just operational within the Hive blockchain; it has its own website that correlates with all the figures and happenings in the Hive blockchain. Of course, the project aims to foster the sustainability of the Hive blockchain as well.
Another fact I want to point out is my 'shakes' about honesty, especially concerning the possibility of a 'rug pull'. Come on, I don’t have much money, and even though I’m not going to be directly investing fiat, what I’m going to earn will be my money, and I can’t afford to lose anything. So, I checked out the people behind the movement, and they appear honest, with good intentions and strategies to sustain it. I've known some of them since my first day in this blockchain, and I hope they continue their good and honest deeds. Maybe I should shout "Amen" to that. Lol.
Thanks for reading.
This is my entry to the Panda Week prompt
First image source: From the Official website (https://panda-x.io/)
Second image source: Screenshot from the official website (https://panda-x.io/)
