HashPanda Community Q&A

Can you quickly explain the idea behind HashPanda?

HashPanda aims to be the most decentralized meme-token, surpassing DogeCoin in the number of holders while having a fairer distribution. The reason for this is that holders of most tokens (such as DogeCoin) are very unevenly distributed: the largest DogeCoin holder owns 28% of all supply which he could use to crash the price by an estimated 96%.

Why is the token distributed to 1–2 million holders?

HashPanda aims to create a fair distribution that allows everyone to own a small share of the project. The benefit of this is decentralization, which contributes to longevity, fairness and price-stability.

What is the effect of the recently announced burn?

For every 100k additional PANDA holders, HashPanda is burning 1% of all supply until 20% is burned or the distribution wallets are depleted. This will result in faster distribution, lower market cap, higher upside potential, and increased scarcity of PANDA tokens. Read more: https://hashpanda.medium.com/the-hashpanda-burn-strategy-d0f60b88aa42

Why is there information that HashPanda is a dusting attack?

BSC projects are quickly labeled a scam, especially in their early days (after all, this likely turns out to be the correct label for 95% of all BSC projects! — so we can’t really blame people for applying this rule of thumb).

Is HashPanda a dusting attack?

It is not. Dusting attacks send small unique amounts to high net-worth wallets to eventually extort the owners. HashPanda sends (relatively) large equal amounts to randomly chosen wallets, as part of the decentralized distribution strategy as described on https://hashpanda.com

Can my wallet be hacked by receiving PANDA?

HashPanda sends tokens to public addresses. This is regular behavior for public blockchains, and nothing you should worry about. No wallet can be hacked by receiving tokens.

I haven’t received an airdrop; how can I receive one?

There are two ways to be rewarded with PANDA tokens. With our ongoing distribution strategy (which at the point of writing is at 32% completion) or via one of our periodic promo campaigns. The ongoing distribution picks a batch of random addresses programmatically from all addresses that transact on BSC and rewards them with PANDA tokens. The alternative to that are our campaigns such as the airdrop campaign recently announced on Twitter. It has already concluded, but we will definitely have more campaigns in the future. Follow us on Twitter and join our Telegram to stay up-to-date.

Why were 50% of tokens burned at launch?

Almost every BSC project burns tokens at launch nowadays. However, only a few (even few project developers) understand the intention behind it. The reason for an initial burn is to create a “black hole wallet” that receives 3% reflections from each transaction.

What are the 3% auto-yield and 5% liquidity fees?

Every transaction is taxed at 8%. 3% is redistributed to holders via a mechanism called reflection, and 5% is added and locked (sent to the burn address) to liquidity which allows the price to remain more stable in the long term.

Who is the team/who launched the project?

2 early crypto guys, a handful of devs, and volunteers in marketing/community management/ambassador roles. For now, the team prefers to stay low-key until it becomes a necessity.

Why isn’t there an audit?

Please read this and this. Audits are vanity proof. HashPanda’s code is public, and very similar to SafeMoon, only adjusted for PancakeSwapV2. We do understand however that some investors may want the assurance of a 3rd party, and we will have multiple audits (including Certik) done once the distribution is completed.

What should I do with the airdrop?

Definitely check this post: https://www.reddit.com/r/HashPanda/comments/o23riy/what_to_do_with_your_newly_airdropped_panda/

Why is there less than 5% in the PancakeSwapV2 smart contract?

The contract wallet is not supposed to have 5%. 5% was the initial liquidity, which is dynamic! The more people buy, the less the contract owns and vice versa.

Why are the LPs locked on Unicrypt only 32% and decreasing?

The locked LPs on Unicrypt represent the initially added liquidity. Any additional liquidity is locked forever in the burn address (since the burn address also owns the HashPanda contract), you can verify it here: https://bscscan.com/token/0xbb908854b9be56a6797060a7e1a9e0ffea4ecd60#balances

Is liquidity locked/is the contract renounced?

Yes, the initial LPs received by the developer were locked on Unicrypt: https://app.unicrypt.network/amm/pancake-v2/pair/0xBb908854b9bE56a6797060a7e1A9E0fFEa4ecd60

Why was I contacted by HashPanda support on Telegram, after posting a message?

Scammers are trying to take advantage of people new to crypto. Every large Telegram channel has scammers looking out for fresh users to scam. Once users post a message, scammers contact them privately to provide fake help, asking them to give out their seed phrase, or connect their wallet to a phishing-site. Please do not respond to PMs like these. HashPanda mods will NEVER PM you first. There is no “HashPanda support”.

Why is this project unique?

HashPanda primarily focuses on economics & tokenomics with approaches that were never seen before (or at least never executed to completion). The non-unique economic features are 3% auto-yield redistribution to holders, 5% liquidity lock and the 50% initial burn creating a “black-hole”.

What are your official social media links?

How to buy HashPanda?

Install a wallet app such as TrustWallet or MetaMask, purchase BNB (on TrustWallet or on Binance) and convert it to PANDA tokens using PancakeSwapV2 by clicking here.

A social token on the Binance Smart Chain. A tribute to Pandas.