Panther Protocol’s $ZKP Token Launches, Sets to Revolutionize Private Finance
a fully private on-chain economySome of the behaviors that Panther incentivizes through $ZKP are:to earn rewards for adding tokens to Pools and increasing the privacy set, that is, the quality of its privacy. This decreases the supply of $ZKP and drives its value up. Panther can act as a price discovery mechanism for privacy, bringing in new users for a positive feedback loop, eventually lowering the cost of privacy for everyone.to buy back $ZKP tokens to create reward programs.
Panther’s initial 10% MC/FDV ratio is better off the bat than some established names in DeFi. Moreover, the 12-year vesting period assures a smooth gradual release with a limited impact on price, most likely unnoticeable as demand grows exponentially., and $ZKP becomes fully deflationary, while TVL drives the perception of the token as valuable.TVL is one of the most meaningful metrics in DeFi. Having a Total Value Locked higher than a project’s MC can be seen as a catalyst for protocol growth.
The blockchain ecosystem also needs an equivalent to cash, whose total value sits around $15 Trillion. Panther does NOT aim to create decentralized stablecoins but enables shielding existing stablecoins as zAssets. In that way, Panther can help establish a token economy that does not rely on any one party and that connects assets in every blockchain.
to offset the mishappens of perfect transparency. Therefore, ZK Reveals and private asset transfers can be critical to enabling these systems to protect their users.Each of the tools mentioned in this article can be used and leveraged by the entire ecosystem.to achieve results not described here, some of them even beyond what’s currently possible in DeFi and crypto.
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