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PANDAI is a utility token, launched on BSC (Binance Smart Chain). BSC is operated by the world’s largest crypto exchange, Binance, making it a credible platform to work on. BSC’s compatibility with EVM blockchains enables the use of existing smart contracts and applications.
This makes the BSC ecosystem flourish with different DeFi protocols, oracles, token standards, web3 applications like MetaMask and bridges to many other chains. This increases the value of PANDAI, as the token is not limited to one network and can work with various DeFi protocols.
While BSC is considered to be the second largest DeFi ecosystem, just behind ETH, BSC’s faster network and cheaper transactions make it a better candidate as a primary PANDAI chain.
PANDAI is a BEP-20 token on the BSC chain with a preminted total supply of 100,000,000,000,000 but will be vested accordingly (see next section). The contract will also include a burning mechanism.