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What is Pandora Finance - The First Sui404 on Sui

Harvey

• 4 min read
What is Pandora Finance - The First Sui404 on Sui
What is Pandora Finance - The First Sui404 on Sui

Pandora Finance is the pioneering project at the forefront of the 404 standard that’s been stirring up the community lately. So, what makes Pandora Finance so unique?

What is Pandora Finance?

Pandora Finance is the pioneering decentralized prediction market on the Sui Network.

Advantages

Currently, Pandora Finance is the leading prediction market on the Sui. What factors have contributed to their success?

  • Non-custodial trading experience: Users can execute trades directly from their wallets.
  • Transparent Transactions: All transactions and related data on Pandora Finance are securely recorded on the blockchain.
  • Blockchain Immutability: Leveraging the blockchain's immutability, Pandora Finance guarantees the integrity of its recorded transactions.
  • Decentralized Oracles for Accuracy: Pandora Finance employs decentralized oracles to source real-time data for accurate predictions.

Pandora Finance Ecosystem

1/ Up & Down game:

How to play?

Forecast the price movement—Up or Down. Make the right prediction to emerge victorious!

Here’s an example:

  • Predict if the price of SUI/USDT will be higher or lower than it was when the “LIVE” phase starts.
  • If you enter an “UP” position, and the “Closed Price” is higher than the “Locked Price” at the end of the 5-minute LIVE phase, you WIN! And if it’s lower, you lose.
  • If you enter a “DOWN” position, and the “Closed Price” is higher than the “Locked Price” at the end of the 5-minute LIVE phase, you LOSE! If it’s lower, you win.

Play now: app.pandorafi.xyz/games/up-and-down

2/ The Lottery:

How to play?

If the numbers on your tickets match the winning numbers in the correct order, you win a portion of the prize pool.

Simply buy the tickets, wait for the draw, and check the result to see whether your ticket wins or not!

Play now: app.pandorafi.xyz/games/the-lottery

3/ Referral system:

A system designed to help users earn more from Pandora Finance!

More details: pandora-finance.gitbook.io/pandora-finance/referral-system

4/ Pandorian Hybrid NFTs:

Pandorian is the first Hybrid NFT collection in Sui Blockchain that follows 404 standards.

To be more specific, Hybrid NFT is the ideal fusion of Tokens and NFTs. For instance, in Pandora Finance, there are two types of tokens:

  • $PAN
  • Pandorian NFT

Key infos of Pandorian NFTs:

Total Supply: 12,222 NFTs

  • 3333 NFTs for minting event.
  • 8889 NFTs will be added to the 404 pool for swaps within the pool.

NFT mint event information:

Here’s the table on the price in each NFT mint round. The mint dates will be announced soon. Follow Pandorian for the latest updates!

Pandorian NFTs’ utilities:

- If you stake your Pandorian NFT, you get a 20% discount on every ticket you purchase in our 'The Lottery' game. The policy is in effect from the second day of staking and stays active until you unstake your NFT.

- When you stake your Pandorian NFT for at least 24 hours, you get a bonus in our Referral Program. You'll receive 0.2% of level 4 commission and 0.015% of level 5 commission. This means you'll earn extra cash from trading fees – about 7% of the total platform fees will be added to your commission.

5/ $PAN

$PAN is the native token of Pandora Finance.

Initially, $PAN will primarily facilitate trading and swapping Pandorian NFTs within 404 pool.

In the future, $PAN will unlock a multitude of functionalities, including DeFi applications, rewards for NFT holders, airdrops, and more.

$PAN Tokenomics

Recently, FlowX Finance officially announced that Pandora Finance will be the next IDO on their Launchpad.

There are 2 rounds to join: Presale & Public Sale.

Here’s the detailed info of each round:

Presale:

- Time: 11:00 UTC May 27th - 11:00 UTC May 28th

- Price: 0.04 $SUI

- Allocation: 1,111,000 $PAN

- Method: Fixed Price - Over Flow

- Vesting term: 50% TGE, 50% monthly vesting in 1 month.

Public sale:

- Time: 11:00 UTC May 28th - 11:00 UTC May 30th

- Price: 0.05 $SUI

- Allocation: 2,222,000 $PAN

- Method: Fixed Price - Over Flow

- Vesting term: 50% TGE, 25% monthly vesting thereafter in 2 months

6/ 404 Pool:

404 Pool is a treasury for the community that simplifies the process of swapping between NFTs and tokens.

Users can trade 1000 $PAN for 1 Pandorian NFT, or vice versa in 404 Pool.

Notably, there’s a 2% $PAN swap fee incurred when users swap from $PAN tokens to Pandorian NFT and vice versa. 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.

Check out the image below to see how it works:

In conclusion

As the first project to launch Hybrid NFTs on Sui, we believe Pandora Finance can become the next big thing like @Pandora_ERC404 & @DeFrogsToken.

Be sure to check out Suipiens' website and social media channels to stay up-to-date on all things about Sui Blockchain!

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