Pandora

Halal Rating :
Comfortable
Last Price $1,461 Last updated:
Rank 1066
1D Change -4.74 %
Market Cap $14.62m
Circulating supply 10,000
Maximum supply 10,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Liquid Staking Derivatives
  • ERC404
  • Hybrid token standard

Overview

Pandora (PANDORA) is an AI-powered DeFi protocol and NFT marketplace launched in 2023 on the BSC network. The project aims to integrate artificial intelligence with DeFi features and NFT capabilities.

Purpose and Utility

The stated purpose of PANDORA is to serve as a utility and governance token for the Pandora ecosystem. Token holders can participate in governance decisions and access various platform features. The project claims to offer AI-powered NFT creation tools and DeFi functionalities.

Current Usage

At present, the token appears to be primarily used for trading on decentralized exchanges. While the project roadmap includes various AI and DeFi features, many of these functionalities are still in development.

Development Activity

There is observable development activity on the project's GitHub repository, though at a moderate pace. The team regularly provides updates through their official channels regarding progress on their roadmap items.

Token Distribution

The token distribution appears relatively balanced, with mechanisms in place to prevent excessive concentration of tokens. There are vesting periods for team allocations, which helps align long-term incentives.

Revenue Model

The project generates revenue through NFT marketplace fees and planned DeFi features. These revenue streams involve actual asset exchange rather than interest-based mechanisms.

Crypto Impact

To assign a comfort level investing in Pandora from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Pandora.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Contribute