Pink Panda Network, runs on NextGen Chain ($NGCT) which “aims to empower businesses and individuals globally with technology sovereignty and become the go-to blockchain platform for growth markets.”
— Background — Pink Panda is owned and operated by Agile Dynamics PTE, a Singapore-based management consulting and tech firm https://www.companies.sg/business/202041509H/AGILE-DYNAMICS-PTE-LTD- was founded in 2020 and holds legacy business relationships in Abu Dhabi and Dubai.
— Consensus Algorithm — NextGen Chain utilizes Istanbul Byzantine Fault Tolerance (IBFT) consensus, a modification of pBFT and should be able to integrate seamlessly with Cosmos Tendermint (public) and Hyperledger Fabric (private). Read more about IBFT here:
https://blog.web3labs.com/web3development/comparing-byzantine-fault-tolerance-consensus-algorithms
— Tokenomics — Total supply of NGCT is capped at 210 million, with the following distribution: 35% Community and Staking 30% Foundation 23% Token Sale 9% Early Backers and Contributors 3% Market Makers
The Token Sale will allocate 10% of the 23% to IEOs, and overall vesting and staking lockup schedules look solid and carefully thought out.
— Revenue Generation — Tx fees, validator services and cross-chain interconnection charges form the core revenue streams for the network. In addition, strategic revenue streams may include:
- Licensing and Partnerships
- Consulting and Advisory
- Data Insights and Analytics
- Education and Training Show Less
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