🔄 404 pool

404 pool, where the liquidity for the Pandorian NFT is secured

In our strategy to combat inflation, we’ve implemented the 404 pool feature - a treasury for our community that simplifies the process of swapping between NFTs and tokens. Here’s how it works: users can trade 1000 $PAN for 1 Pandorian NFT, or vice versa.

Within this pool, users can exchange 1000 $PAN tokens for 1 Pandorian NFT, or vice versa. This feature will leverage the inherent link between NFTs and tokens in our ecosystem. Notably, there’s a 2% $PAN swap fee incurred when users participate in this swap. Half of this fee goes to our Treasury for various activities, while the other half is instantly burned.

What makes this pool exciting is the presence of different-trait Pandorian NFTs waiting to be discovered. As people strive to acquire these unique treasures, the trading of $PAN tokens gains momentum. This excitement around finding special NFTs fuels the trading of $PAN tokens, making Pandorian NFTs more accessible to everyone.

As highlighted in the tokenomics, a substantial portion of $PAN will be utilized for liquidity provision (LP), comprising 20.5% (equivalent to 2,500,000 $PAN tokens). Additionally, 27.3% of the total $PAN supply, amounting to 3,333,000 $PAN tokens, will be allocated to liquidity within the 404 pool. This strategic allocation, combined with the mechanism where 10 $PAN tokens are burned with each swap to Pandorian NFTs, results in a gradual reduction of the $PAN supply. This controlled reduction aims to create scarcity and potentially increase the value of $PAN over time, ensuring a healthy and sustainable ecosystem for both $PAN and Pandorian NFTs.

This mechanism not only encourages engagement within the Pandora Finance community but also actively contributes to reducing the circulating supply of $PAN tokens.