The Hive Learners Community, which is one of the leading communities on the hive blockchain, has delved into the tokenomy aspect of the blockchain, and with their recently launched tokens, they're offering a delegation service that comes with loads of mouthwatering and juicy rewards for investors, stakers, and delegators who key into this, and in that light, here I'll be sharing my overview of the Panda X project, my evaluation of the website, and much more, so without further ado, let's begin.
To be truthful, at first when I read about the community places to create a digital asset in the form of a layer two token on the hive blockchain, I was like, Here we go again, another token to join the multiple of the layer two tokens we've got on the hive blockchain that promises a long-term future with an intriguing user case, and yet ultimately most fails, leading to investors losing their funds as the value of such token goes down the drain, and the only winners at the end of the day would be the people behind such projects and good observers who notice something fishy.
However, despite my initial thoughts, I was still kind of skeptical about my judge of the token because it's powered by one of the forerunners when it comes to community on the hive blockchain. Along with that, I'm familiar with most of the team and know they're people with a good reputation and a blueprint of success in different aspects they've operated on the hive blockchain, so I decided to await information before concluding, and I must say that I was blown away by the plans laid down for the present and future of these tokens, especially pandaminer.
So regarding my overview of the Panda X project, I must say that one of the promising aspects of the project that attracted me and gave me some form of confidence in investing is their investment and affiliation with someone top hive engine projects that have a good long-term history of success, and with the likes of BRO, HBD, WORKERBEE, EDS, DBON, and the likes in that list, I can't help but be rest assured that with the longevity of those projects and their success blueprint, then this phrase won't go down the drain.
PANDA: After reading through the video and content written about it, alongside those on the website, I've come to get an idea of what the Panda token is mostly all about, and some of it is as listed below:
Panda tokens are earned as dividends for delegating to the @pandex account, and I for one have about 28 of them for the delegations I sent to the account.
900 of the Panda tokens are distributed on a weekly basis to delegators, and that means you'll literally earn it based on the percentage of your delegation compared to that of others.
Alongside the Panda token, which's staked into the account of all delegators at the end of the week, the delegator will also earn a 70% curation reward; that's mind-blowing in my opinion. I mean, after earning the Panda token, you still get curation in the hive, which also comes at the end of every week.
Another form of regard still on the Panda token is the fact that delegators will also literally end dividends from the yielding rewards earned from the numerous investments in projects like BRO, WORKERBEE, and the like.
Now the last but not least belief that makes this even more interesting is that aside from the fact that you can unstake all your Panda within one week, it's also interesting to know that as it stands now, you can literally determine the amount you want to sell your Panda token, as it isn't peeked at any amount, meaning you can determine the value that suits you and await someone who's willing to buy at that rate.
PANDAMINER: The pandaminer, on the other hand, is what I'm more thriving about because of the juicy reward that revolves around investing in it, and some of them are as stated below:
Staking Pandaminer token, grant you any opportunities to earn Pandaminer token.
Earn half of the curation reward as dividends for staking, and the part I love about this project, which also plays a role in why I'm investing, is the fact that the hands of the curation reward are being reinvested into the Pandaminer account, which literally implies that the community has a huge plan for the growth of this project because such act will continuously make the value of token keep increasing.
Although the unstaking of Panda is said to take two weeks, only Panda takes a week, but I'm less concerned about that as I tend to always invest in projects for the long term.
So with that being said, I believe the Pandax project is one focused on long-term success and with a promising blueprint that gives investors assurance for continuous multiple streams of income for investing, and I personally won't want to be left out of it, and that's why I brought 50 Pandaminer tokens, also increasing my delegation to the Pandax account from 200 to 500 hive power.
Now moving to my overview of the website, I must start by giving kudos to the team for creating such a friendly user interface; that's also easy to navigate around even for a novice; that's a good thing that should always be put into consideration by developers, and I'm glad the team did just that. Now taking about the feature that catches my attention, I must say that there are a couple of them, but number one is the rich list.
I'm a kind of person who loves a healthy competition between me and my friends and imaginary ones, and having a rick list of both tokens means I can literally go through that list and get inspired to invest most to catch up with friends that are above me or just so I can go up in rank, and in the end, while you're getting satisfied by your progress with such imaginary competition, your wallet will also be smiling with more rewards that come in the diverse ways I said earlier.
| List of rewards | Net total of rewards |
|---|---|
 |  |
Alongside that, I also love the feature on the website where one can easily crosscheck the history of their reward or that of anyone else. Take, for instance, I went to the reward section and I was met with the list of the recently sent out reward, but I'm more concerned about once sent to my account. Using the search button on the page, I typed my username, and it literally shows me all the rewards that have been sent to my account in the form of a Panda token and a hive from day one, and you can navigate between seeing all the list in when you click new or clicking total to see the sum up total you've received. That's a high level of transparency, and I love it.
Taking about my suggestion for the team to aid the progress of this project, it's worth noting that I'm not an expert in this aspect, but given my experience with other projects in the past, one thing I'll suggest is regarding the fact that the team might need to purchase a certain percentage of the tokens, and this is essentially because it'll reduce the amount of token in circulation, which I'll ultimately lead to high demand for the token and an increase in its value.
I've seen projects like BRO and LGN do this, and the results were mind-blowing. I don't know if the team has any plans of doing this, but after my exploration and finding nothing relating to it, that's why I'm suggesting it, and this will play a huge role in the long-term values of the token alongside the plan to reinvest 50% of the curation reward back into the project.
It's worth noting that I didn't notice any errors or bugs during my exploration of the website, but I noticed something that caught my attention, although I'm not sure if it's what I think it's, but if it's, then I think the team needs to do better, and that's regarding the picture below. I believe that's the number of investments the Panda X has in all the projects that said they're affiliated with, and if that's the case, then the team needs to do better.
Because that's bearily more than 50 dollars worth of investment in these projects, and to get a higher percentage from investment, then a high percentage is expected, but currently the value just seems ridiculous, but then I understand that since half of the reward earned from that would be invested, then there's no cause for alarm, but I believe a higher value of investment would indicate the seriousness of the team and grant prospective investors more confidence to delve in.
That's about all on my all-round overview of the Panda X project, the website, the tokens, and many more to mention, but a few. If you want to invest in this project, you can take a stroll into the community to read more about it, or better still visit the website.
All photos are screenshot from panda-x.io
Posted Using InLeo Alpha
