Getting PandaSwap tokens listed on CoinGecko and CoinMarketCap was attempted early on in the franchise, but unfortunately due to BSC node issues it seems that only the volume on PancakeSwap is counted when applying for listings. Since the majority of Panda/Rhino/Bamboo volume is on PandaSwap we were denied while many weaker projects got listed.
Listing the franchise tokens is crucial for bringing new users to the ecosystem; which in turn, is key for the long-term success of the project. Aiming to have the token listings occur after the launch of soft-synths on Polly but before the launch of soft-synths on Panda will be beneficial. This timing is important because the soft-synths on Polly will provide an example of the future product coming to Panda. Seeing this should incentivize users; new and old alike, to provide liquidity and farm the governance token with a more long-term project-oriented outlook instead of treating it like a farm and dump scam.
After discussing with community members, it seems that just applying to get PNDA listed and waiting to list RHINO and BAMBOO will increase our chances of success. So, this proposal has been created with the aim of just listing PNDA by increasing volumes on PancakeSwap V2.
A good way to obtain the required volume for a listing would be to incentivize trading between exchanges via arbitrage opportunities which can easily be created through the following steps:
Add 50k liquidity using fees collected from PandaSwap to the Panda/BNB pool on PancakeSwap V2.
Boost Pool Weight for the Panda/BNB Pancake pools to 40,000 on Panda farms to incentivize liquidity.
Ensure treasury LPs cannot be staked on farms.
It is important to note that this proposal seeks to use funds in the wallet for collecting fees from Panda (Binance Smart Chain Token Holdings 0x8f5d46fcadeca93356b70f40858219bb1fbf6088 ).
These funds will be used to purchase our own token, which will be staked with BNB as Cake-LP. This means the community still owns the funds and we our simply putting them to work by investing in our own protocol. If the community decides at any point to do something else with the liquidity, it can be re-purposed.
This proposal will be voted on strictly by the Panda community. There is currently a proposal for setting up a governance structure for Panda which can be found here: Governance PandaSwap - BSC
I would like to re-state my reasons for proposing that we provide liquidity to PancakeSwap V2 and attempt to get the Panda franchise tokens listed on CoinGecko and CoinMarketCap.
First, I think it will give the Panda project more legitimacy thus providing new users with more confidence in the project.
Second, an influx of new users is needed for the Panda ecosystem. New users bring more liquidity but most importantly they bring new ideas which helps to build a stronger community.
Third, by creating a new heavily weighted farming pool we can give new users an opportunity to participate in Panda governance, which will further decentralize and strengthen the community.