New Era: PantherSwap AMM Decentralized Exchange

PantherSwap
2 min readMay 2, 2021

Hi, Dear PantherSwap Community,

As you can see, although we launched just 5 days ago, PantherSwap is now definitely the hottest and the most fast-growing DeFi project on Binance Smart Chain. And the dev team has been working day and night to develop this project, one thing you must know that we will do our best to make this project a big success.

What we have achieved in only 5 days since the launch:

  1. 7k followers on Twitter
  2. 6.5k members in Telegram group
  3. 12k token holders
  4. 0.1B TVL
  5. Price almost 100x from $0.03

Frankly, the growth of the project has completely exceeded our expectations. So we have to move faster and some changes should be made to support such rapid growth.

Therefore, we will postpone the release of the Jungles Farming. Instead, the AMM exchange will be released in 5 or 6 days.

New Plan About PantherSwap AMM Exchange

We divide the release of our AMM exchange into 3 phases.

Phase 1 (ETA: May 4th)

  1. Reduce the emission rate ( From 100 to 75)

Phase 2 (ETA: May 8th)

  1. Release PantherSwap AMM exchange. (For security purposes, the first version will be a completely fork of PancakeSwap.)
  2. Disable CAKE-LP farms one by one and add new PANTHER-LP farms.
  3. No deposit fee any more for all PANTHER-LP farms.

Phase 3 (ETA: May 14th — May 16th)

  1. Reduce the emission rate. ( From 75 to 50)
  2. Issue a new token as the trading reward. (PantherSwap Trader Credit, PATC)
  3. Release the v2 router with the unique trading incentive mechanism.
  4. Complete at least one audit for the v2 router.

Please note that we will try our best to deliver everything on time, but delay is always possible as development isn’t an easy thing.

ALERT: To every holder, please read our docs carefully in case you miss something.

Read more about PantherSwap AMM exchange, trading incentive system, and the PATC(PantherSwap Trader Credit) on our docs: https://docs.pantherswap.com/products/amm

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PantherSwap

The First Automatic Liquidity Acquisition Yield Farm & AMM on Binance Smart Chain.