Mars Panda Token is Listing on PancakeSwap!
We are Listing on PancakeSwap
Delicious news! Mars Panda Token (MPT) will be listed on PancakeSwap soon. That means that you will soon be able to get your hands on those delectable MPT by swapping BEP-20 tokens on the PancakeSwap decentralised exchange (DEX).
What is PancakeSwap?
PancakeSwap is an Automated Market Maker (AMM) DEX built on the Binance Smart Chain (BSC) to swap BEP-20 tokens. It is similar to UniSwap and SushiSwap on the Ethereum blockchain, but has added functionalities to add liquidity, earn rewards, yield farming, initial farm offerings, participate in lotteries, and win NFTs.
Why PancakeSwap?
PancakeSwap is the leading DEX on BSC with one of the highest trading volumes in the market.
We are big fans of decentralised finance (DeFi) but not so big a fan of high fees and slow networks. PancakeSwap on BSC is low on fees and zippy to transact on. With PancakeSwap, we will be able to add MPT to liquidity pools to earn rewards, as well as participate in yield farming to earn CAKE and other tokens for free with high interest rates. These are added avenues for MPT holders to uncover more value in the tokens they hold.
There are currently a total of nearly 600 liquidity pools and more than 80 tokens that can be traded on PancakeSwap, with a total value locked (TVL) of around $8.7 billion. This makes PancakeSwap an invaluable platform to introduce MPT to the world.
PancakeSwap is also truly decentralised, which means that you can trade directly from your wallet app. Additionally, PancakeSwap also does not hold your funds when you trade, so you have 100% ownership of your own tokens.
We also appreciate that BEP-20 tokens enjoy ample liquidity for trading on centralised exchanges such as Binance, so that is definitely an advantage for our family of MPT holders.
Thus, we have decided to list MPT on PancakeSwap as a start, with plans to list on other exchanges in time to come.
Is PancakeSwap Safe?
Security audits carried out by CertiK and Slowmist have shown that PancakeSwap is safe to use. In addition, PancakeSwap is open source and all its smart contracts are publicly visible for maximum transparency.
However, being audited and highly reputable does not eliminate the risk of smart contract bugs, so it is still important to assess your own appetite for risk.
How to Use PancakeSwap?
The team at PancakeSwap has an excellent guide on how to get started. If you want to jump straight into swapping MPT, do look forward to our guide that will be released very soon.
Mars Panda Token
Before we get ahead of ourselves, let us revisit the Mars Panda Token (MPT).
MPT is a token to facilitate transfer between Mars Panda Credit’s (MPC) ecosystem and the rest of the world. MPC is the internal currency for Mars Panda World and is used to buy game services, virtual items and for earning rewards through games. To reduce the external supply shocks, MPC is not traded on the secondary market, but only within the Mars Panda ecosystem. As such, MPT becomes the only facilitator to transfer value in and out of the Mars Panda ecosystem. MPC will be priced dynamically to MPT in a decentralised liquidity pool within the Mars Panda ecosystem.
There will be a total supply of 88,888,000 MPT, of which 20% will be distributed to initial investors, 10% to the founding team, 15% to the Mars Panda Foundation and the remaining 55% to liquidity mining activities.
As the only way for the MPC system to cash out is via MPT, there will be a constant swap of MPT back from the DEX to the company’s treasury for the purpose of settlement to merchants in fiat currencies. With limited supply of MPT, this will ensure constant circulation and create a consistent demand to purchase MPT at higher values.
The liquidity pool will be a focal support of the Mars Panda platform. It will be maintained by a multitude of sources to ensure sustainability and longevity. Revenue will be channelled back, in part or whole, into the liquidity pool. The figure below maps the flow of MPC and MPT.
Come Join Us Now
If you have missed our private sales, this is the first opportunity for you to acquire MPT in the open market. On top of purchasing MPT, you have the chance now to participate in liquidity mining on PancakeSwap to unlock even more value!
Of note, MPT are distributed and sold through Mars Panda’s sister company, Legatus Global. Mars Panda follows strict processes instituted by Legatus Global, while performing the token sales and distribution.
With PancakeSwap, the DeFi world is at your fingertips. With our excellent tokenomics, why wait anymore? Join us now by purchasing your first MPT on PancakeSwap and begin your first foray into the world of Mars Panda.
Play with the world, Mars Panda World.
About Mars Panda
Mars Panda is a complete eco-system which consists of:
• Games, Social Media and Ecommerce Aggregation
• Yield farming DeFi
• Mars Panda game with NFT game elements
• NFT Marketplace
We aim to fuse mainstream eCommerce and Gaming to the crypto world of NFTs and DeFi, on one seamless, unified platform.
Find us at:
Legatus Global Pte Ltd is an entity that has obtained a regulatory exemption under the Payment Services Act (“PSA”) for digital payments token services. Legatus Global is commissioned to handle the issuance of Mars Panda Token (MPT) as well as the KYC/AML during the private sales and distribution of tokens to private investors. Legatus Global is also handling the process for private sales and distribution.
